For Sale

1240 BANK Street, Ottawa, Ontario K1S3Y3

$1,800,000

1240 BANK Street, Ottawa, Ontario K1S3Y3 is For Sale and has a listing price of 1,800,000. The property is located in the Old Ottawa South neighbourhood. It's been on the website for 325 Days.

  • Retail
    Property Type
  • 3
    Parking Spaces
  • MLS ID: X9514991
  • Office Name RE/MAX HALLMARK REALTY GROUP
Property Description

Classic red brick storefront in a busy, vibrant section of Bank Street in Old Ottawa South. Approximately 3,800 sq’ over 2 above grade floors, plus a full height basement also used for retail display. 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. There is a laneway off the side street (Chesley) for access to the back of the property. Clean Environmental Phase 1 and 2 recently done (2023). (id:43137)

Property Details
  • MLS ID: X9514991
  • Price: $1,800,000
  • Transaction Types: For Sale
  • Ref ID: 26382243
  • Year Built: N/A
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
01/03/2024 X9514991 $1,800,000 For Sale - -
01/03/2024 1372404 $1,800,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Old Ottawa South
  • $1,184,217 Average List Price
    based on 1 year
  • 11 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 4.72 % Up
  • Sold (12mo) 6
  • Rented (12mo) 2

  • 1 Month Change +9.2%
  • 3 Month Change +28.2%
  • 6 Month Change -11.1%
Walkscore
  • 94 Walk Score
    Walker's Paradise
  • 68 Transit Score
    Good Transit
  • 100 Bike Score
    Biker's Paradise
Property Type Distribution
  • All Houses
    72.32%
  • Commercial
    12.5%
  • Condo
    15.18%
Additional Details
  • Total Parking Spaces: 3
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/01/2024 00:00:00
  • Zoning Agriculture
  • Agent Name: IAN HASSELL
  • Last Updated: 27/11/2024 17:39:21
Open House Dates
  • 1. 30/11/2024 (Start time: 10:00 AM - End time: 12:00 PM)
  • 2. 01/12/2024 (Start time: 2:00 PM - End time: 4:00 PM)
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