245 Bay Street Ottawa, Ontario K1R 5Z4

$1,799,000

Exceptional Investment Opportunity! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefiting from dual frontage and two separate addresses on both streets . It is surrounded by several high apartment buildings. In a densely populated neighborhood, it offers access to top-rated public schools, parks, and recreational facilities. The location is highly convenient, with bus stops and the OLRT-Lyon light rail station within walking distance.The property spans 3,300 square feet, upstairs with 5 0ffices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first floor is currently operating as a grocery store, but can easily be adapted for other uses. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes. With ample parking, excellent transportation access, and versatile usage options, this is a turnkey investment-don't miss out on this rare opportunity! Owner can offer second mortgage choice to buyer. (id:43934)

Property Details

MLS® Number	X12501344
Property Type	Retail
Neigbourhood	Centretown
Community Name	4102 - Ottawa Centre
Farm Type	Other
Parking Space Total	12

Building

Appliances	Dryer, Washer
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Size Exterior	3300 Sqft
Size Interior	3,300 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	50 Ft
Size Frontage	66 Ft
Size Irregular	Bldg=66 X 50 Ft
Size Total Text	Bldg=66 X 50 Ft
Zoning Description	R5b

https://www.realtor.ca/real-estate/29058827/245-bay-street-ottawa-4102-ottawa-centre