Exceptional Investment Opportunity and excellent location in downtown Ottawa! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefting 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 offices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first foor is currently operating as a convenience store, but can easily be adapted for other uses. The current building's basement is used as storage, but it can be also used as club. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes with 2200 square feet area land . With ample parking, excellent transportation access, and versatile usage options. In addition, in terms of New Zoning (By-law 2026-50), the place can be built a hub(high building with 90 meters). Another building can be constructed in the additional land(i.e. the parking spots). It can be used (1)personal service business: barber shop, beauty parlour, or dry cleaner's distribution station. (2) place of assembly: club. (3)retail store: drugstore, floristshop, newsstand. (4) restaurant. This is a rare investment opportunity! Owner can offer second mortgage choice to buyer. (id:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Farm: Other
- Parking Spaces: 12
- Transaction: For sale
- Zoning Description: R5B
Building
- Appliances: Dryer, Washer
- Cooling: Fully air conditioned
- Fireplace Present: False
- Heating: Hot water radiator heat
- Heating Fuel: Natural gas
- Size Exterior: 3300 sqft
- Size Interior: 3300 sqft
- Utility Water: Municipal water
Land
- Size Frontage: 66 ft
- Size Irregular: Bldg=66 x 50 FT
Listing provided by COLDWELL BANKER FIRST OTTAWA REALTY
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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 245 BAY STREET in Ottawa Ontario. It was last modified on March 25th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.