This property features a classic red brick storefront located in the bustling and vibrant section of Bank Street, situated in the heart of Old Ottawa South. The property spans nearly 4,000 square feet, distributed over two above-grade floors, with an additional full-height basement that is also utilized for retail display purposes. The main and second floors boast approximately 9-foot ceilings, while the basement features an 8-foot ceiling height. Situated in a well-established downtown community, the property is conveniently located just south of The Glebe and Lansdowne Park, and north of Billings Bridge, with close proximity to the Transitway. The well-established streetscape is poised for significant redevelopment, with several adjacent large land parcels demonstrating exceptional potential for future development. According to the new draft Zoning Bylaw, the property is eligible for development up to nine storeys, contingent upon the lot depth. A laneway off Chesley Street provides access to the rear of the property for loading and parking. This laneway is fully fenced and enclosed in the section directly behind this property, offering an additional 10 feet in depth which is currently used exclusively. Recent environmental assessments (Phase 1 and 2) conducted by Pinchin in 2023 confirm the property is clean. The interior features large open spaces and is equipped with two electrical services, including a 600-volt service. The property has been commercially rewired in the past, and various building modifications and improvements were undertaken. The property is equipped with two forced air furnaces, both featuring central air conditioning. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Parking Spaces: 6
- Transaction: For sale
- Zoning Description: TM2
Building
- Cooling: Fully air conditioned
- Fireplace Present: False
- Bathrooms (Total): 2
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Exterior: 3800 sqft
- Size Interior: 3800 sqft
- Utility Water: Municipal water
Land
- Size Frontage: 39 ft ,8 in
- Size Irregular: Bldg=39.67 x 89.89 FT ; 0
Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1240 BANK STREET in Ottawa Ontario. It was last modified on July 1st, 2025. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.