Glebe - Ottawa East And Area, ON K1S 3Y3,1240 BANK ST
Glebe - Ottawa East And Area, ON K1S 3Y3,1240 BANK ST
Glebe - Ottawa East And Area, ON K1S 3Y3,1240 BANK ST
Glebe - Ottawa East And Area, ON K1S 3Y3,1240 BANK ST
Glebe - Ottawa East And Area, ON K1S 3Y3,1240 BANK ST
Glebe - Ottawa East And Area, ON K1S 3Y3,1240 BANK ST
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$ 1,800,000
Est. payment | /mo

2 Baths

3,800 SqFt


Save
$ 1,800,000
Est. payment | /mo
Save

2 Baths

3,800 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $473

Subdivision 4403 - Old Ottawa South

MLS Listing ID X12254438

Annual Tax Amount $27,000

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

Classic red brick storefront in a busy, vibrant section of Bank Street in Old Ottawa South. Close to 4000 sq' over 2 above grade floors, plus a full height basement also used for retail display. Approximately 9" ceiling height on main floor and 2nd floors, and 8" in basement. The entire space is owner occupied.This is a well established downtown community just south of The Glebe and Lansdowne Park and just north of Billings Bridge, very close to the Transitway. While the streetscape is well established, it is also poised for major redevelopment, with several adjacent large land parcels showing exceptional potential. This property is ideal with it's current use, but could be redeveloped on its' own. The new draft Zoning Bylaw indicates 9 storeys will be permitted, depending on lot depth. There is a laneway off the side street (Chesley) for access to the back of the property for loading and parking. The laneway is fully fenced and enclosed in the back of the property and is currently used exclusively for an extra 10' in depth. Clean Environmental Phase 1 and 2 recently done (Pinchin 2023). Large open interior spaces. Has 2 electric services, one of which is 600 volts. Commercially rewired in the past. A number of building modifications and improvements were done when previously owned by Cohen's. 2 Forced Air Furnaces both with Central AC.

Location

Province ON

County Ottawa

Community 4403 - Old Ottawa South

Area Ottawa

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 39.67

Lot Depth 89.89

Others

Security Features No

Listed by RE/MAX HALLMARK REALTY GROUP
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