1242 BANK Street, Glebe - Ottawa East and Area | Image 1

1242 BANK Street

Glebe - Ottawa East and Area, 4403 - Old Ottawa South

  • Commercial

$4,995,000
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: TM2H(15)

  • Age: No Data

  • Taxes: 28677

  • MLS®#: X9521854

  • Days on Site: 54 Days

  • Added: Sep 28, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES

A rare opportunity in Old Ottawa South on Bank Street. Two corner properties are being offered for sale and sold as a package only (See MLS#1412786). The retail building at 1242 Bank St is fully leased and the tenant occupies the adjacent lot at 1250 Bank St for parking of approximately 12-14 cars. Both locations offer excellent visibility on Bank. 1242 Bank provides income and offers a future user the ability to renovate for an alternative use or a complete redevelopment as the zoning allows greater density and residential uses.

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Glebe - Ottawa East and Area

  • Community: 4403 - Old Ottawa South

  • Availability Date: TBA

Parking

  • Covered Parking Spaces: 14

Fees

  • Tax Year: 2024

  • Tax Legal Description: PCL 2-1, SEC 4M-34 ; LTS 2 & 3, PL 4M-34 ; S/T COVENANT LT1615 ;

  • Taxes: $28,677

Land

  • Cross Street: Bank Street between

  • Municipality District: Glebe - Ottawa East and Are

  • Parcel Number: 041450192

  • Lot Depth: 89.89 Feet

  • Lot Frontage: 65.07 Feet

  • Lot Irregularities: 1

  • Zoning: TM2H(15)

Commercial Specific

  • Retail Area: 5844

  • Total Area: 5844

Map of 1242 BANK Street, Glebe - Ottawa East and Area
JK-6

First Avenue Public School

Elementary: Public
1.76 km
JK-6

Corpus Christi Catholic Elementary School

Elementary: Catholic
1.44 km
7-8

Immaculata Intermediate School

Elementary: Catholic
2.16 km
JK-6

Mutchmor Public School

Elementary: Public
1.36 km
JK-8

Alta Vista Public School

Elementary: Public
1.45 km
JK-8

Hopewell Avenue Public School

Elementary: Public
0.40 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
2.72 km
9-12

Immaculata High School

Secondary: Catholic
2.17 km
9-12

Brookfield High School

Secondary: Public
2.05 km
Pre-Grade 9-12

Ridgemont High School

Secondary: Public
2.30 km
9-12

St Patrick's High School

Secondary: Catholic
2.14 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
1.79 km
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