$1,800,000
Available - For Sale
Listing ID: X12254438
1240 BANK Stre , Glebe - Ottawa East and Area, K1S 3Y3, Ottawa
| 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. |
| Price | $1,800,000 |
| Taxes: | $27000.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 1240 BANK Stre , Glebe - Ottawa East and Area, K1S 3Y3, Ottawa |
| Postal Code: | K1S 3Y3 |
| Province/State: | Ottawa |
| Legal Description: | PCL 1-1, SEC 4M-34 ; LT 1, PL 4M-34 ; OT |
| Lot Size: | 12.09 x 89.89 (Feet) |
| Directions/Cross Streets: | Bank Street and Cameron Ave. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Use: | Retail Store Related |
| Building Percentage: | T |
| Total Area: | 3800.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 2 |
| Clear Height Feet: | 9 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| RE/MAX HALLMARK REALTY GROUP |
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Zannatal Ferdoush
Sales Representative
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(416) 847-5288
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(416) 847-5288
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Ottawa |
| Municipality: | Glebe - Ottawa East and Area |
| Neighbourhood: | 4403 - Old Ottawa South |
| Lot Size: | 12.09 x 89.89(Feet) |
| Tax: | $27,000 |
| Baths: | 2 |
| Fireplace: | N |
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