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1240 BANK STREET, Ottawa, Ontario, K1S 3Y3

MLS® # X12254438
Commercial For Sale In Old Ottawa South, Ottawa, Ontario
$1,595,000

None Beds

2 Baths

1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
Courtesy of Open Government City of Ottawa - 1240 Bank Street, Ottawa, ON
Courtesy of Open Government City of Ottawa - 1240 Bank Street, Ottawa, ON
Courtesy of Open Government City of Ottawa - 1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
Courtesy of Open Government City of Ottawa - 1240 Bank Street, Ottawa, ON
Courtesy of Open Government City of Ottawa - 1240 Bank Street, Ottawa, ON
Courtesy of Open Government City of Ottawa - 1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
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MULTIMEDIA

1240 BANK STREET, Ottawa, Ontario, K1S 3Y3
$1,595,000

Property Information:

This property features a classic red brick storefront located in the bustling and vibrant section of Bank Street, situated in the heart of Old Ottawa South. The property spans nearly 4,000 square feet, distributed over two above-grade floors, with an additional full-height basement that is also utilized for retail display purposes. The main and second floors boast approximately 9-foot ceilings, while the basement features an 8-foot ceiling height. Situated in a well-established downtown community, the property is conveniently located just south of The Glebe and Lansdowne Park, and north of Billings Bridge, with close proximity to the Transitway. The well-established streetscape is poised for significant redevelopment, with several adjacent large land parcels demonstrating exceptional potential for future development. According to the new draft Zoning Bylaw, the property is eligible for development up to nine storeys, contingent upon the lot depth. A laneway off Chesley Street provides access to the rear of the property for loading and parking. This laneway is fully fenced and enclosed in the section directly behind this property, offering an additional 10 feet in depth which is currently used exclusively. Recent environmental assessments (Phase 1 and 2) conducted by Pinchin in 2023 confirm the property is clean. The interior features large open spaces and is equipped with two electrical services, including a 600-volt service. The property has been commercially rewired in the past, and various building modifications and improvements were undertaken. The property is equipped with two forced air furnaces, both featuring central air conditioning. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Floor Space: 3800 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Floor Space (approx): 3800 Square Feet
  • Irregular: Yes
  • Lot Depth: 89.8 Feet
  • Lot Frontage: 39.7 Feet
  • Lot Size: Bldg=39.67 x 89.89 FT ; 0
  • Zoning: TM2
  • No. of Parking Spaces: 6

Courtesy of: RE/MAX HALLMARK REALTY GROUP

REALTOR.ca  

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Market Price Trends

All Properties

2.96%

Price change (1 year)

24.9%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1240 BANK STREET, Ottawa, Ontario, K1S 3Y3

Demographic Information of 1240 BANK STREET, Ottawa, Ontario, K1S 3Y3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$234,008.38

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.32 %

High school certificate or equivalent

17.44 %

Apprenticeship trade certificate/diploma

1.28 %

College/non-university certificate

9.73 %

University certificate (below bachelor)

4.27 %

University Degree

55.96 %

Commuter

Travel To Work

By Car

58.28 %

By Public Transit

8.43 %

By Walking

24.26 %

By Bicycle

4.33 %

By Other Methods

4.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.86 %

Houses

68.14 %

Own Vs. Rent

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