1240 Bank Street Ottawa, Ontario K1S 3Y3

$1,800,000

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 by.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 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 (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. (id:43934)

Business

Business Type	Retail and Wholesale
Business Sub Type	Retail misc.

Property Details

MLS® Number	X12254438
Property Type	Retail
Community Name	4403 - Old Ottawa South
Parking Space Total	6

Building

Bathroom Total	2
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Other
Size Exterior	3800 Sqft
Size Interior	3,800 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	89 Ft ,10 In
Size Frontage	39 Ft ,8 In
Size Irregular	Bldg=39.67 X 89.89 Ft ; 0
Size Total Text	Bldg=39.67 X 89.89 Ft ; 0
Zoning Description	Tm2

https://www.realtor.ca/real-estate/28541225/1240-bank-street-ottawa-4403-old-ottawa-south