1240 BANK STREET

Ottawa, , K1S3Y3, Canada

$1,800,000

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.

Last updated on : Tuesday 1st of July 2025 11:40:50 PM

ADDRESS

Street : 1240 BANK STREET

City : Ottawa

Country : Canada

Postal Code : K1S3Y3

Open in Google Map

PROPERTY SUMMARY

Property ID : X12254438

Building Type : Other

Property Type : Retail

Bathrooms : 2

Parking : 6

Similar Properties

Retail

640 SOMERSET STREET WEST WEST

Ottawa, Ontario, K1R5K4

$850,000

property Type: Other

type: Sale

Brittany Brown
1 day ago

DETAILS

Retail

12706 HIGHWAY 41

Addington Highlands (Addington Highlands), Ontario, K0H2G0

$599,000

property Type: Other

type: Sale

JULIE KUNTZ
1 day ago

DETAILS

Retail

150 RAGLAN STREET SOUTH SOUTH

Renfrew, Ontario, K7V1R1

$875,000

property Type: Other

type: Sale

Peter Vincent
21 hours ago

DETAILS

Retail

2280 SYDENHAM ROAD

Kingston (City North of 401), Ontario, K0H1M0

$699,900

property Type: Other

type: Sale

MUHAMMAD BHATDA
2 months ago

DETAILS

Retail

305 MCCONNELL AVENUE

Cornwall, Ontario, K6H4L4

$399,900

Baths: 1

property Type: Other

type: Sale

SHEILA GATIEN
2 months ago

DETAILS

Inquire about this property