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, Glebe - Ottawa East And Area, ON K1S 3Y3
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Peter Velentis

Peter Velentis

+1(647) 287-1509
-
Est. payment | /mo

2 Baths

3,800 SqFt

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-
Est. payment | /mo
Save Virtual Tour

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

Subdivision 4403 - Old Ottawa South

MLS Listing ID X12254438

Annual Tax Amount $23,000

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

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.

Location

Province ON

County Ottawa

Area Ottawa

Zoning TM2

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 39.67

Lot Depth 89.89

Others

Security Features No

ParcelsYN No

Virtual Tour https://www.freeottawainfo.com/1240bankbrochure.pdf

Listed by RE/MAX HALLMARK REALTY GROUP

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1240 BANK ST

Peter Velentis

"When you work with me, youère not just getting a realtor-youère gaining a trusted advisor whose expertise, innovative solutions, and steadfast commitment to your success make all the difference. Whether youère buying, selling, or investing, I am here to guide you every step of the way, ensuring that your real estate experience is both rewarding and stress-free."

+1(647) 287-1509

peter.velentis@lptrealty.com

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