1240 BANK STREET, Ottawa, Ontario, CA

Address: 1240 BANK STREET, Ottawa, Ontario

0 Beds2 Baths3800 sqftStatus: Buy
Price $1,800,000

Property Overview


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. (id:51532)

 

Tags




Property Summary
Property Type
Retail
Square Footage
3800 sqft
Community Name
4403 - Old Ottawa South
Land Size
Bldg=39.67 x 89.89 FT ; 0
Building
Building Features
Square Footage
3800 sqft
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other
Utilities
Water
Municipal water
Parking
Total Parking Spaces
6
Land
Other Property Information
Zoning Description
TM2
Features
           Fully air conditioned
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Your Home Finance Calculation

Property Price CA $1,800,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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