1240 BANK Street

ActiveGlebe - Ottawa East and Area · 4403 - Old Ottawa South401 days on marketMLS® X12254438

$1,475,000

$388 / sq ft

Bedrooms0

Bathrooms2

Interior3,800 sq ft

TypeCommercial

ListingFor Sale

Days on Market401

About this property

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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12254438
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	3,800 sq ft
Beds / Baths	0 bed · 2 bath
Neighbourhood	4403 - Old Ottawa South
City	Glebe - Ottawa East and Area
Postal Code	K1S 3Y3
Province	ON
Listed Date	July 1, 2025
Days on Market	401
Price per Sq Ft	$388
Brokerage	RE/MAX HALLMARK REALTY GROUP