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2019 Bank St
Ottawa, ON K1V 0N1 East Central

$561,093 USD

Apartments Condo For Sale  •  1,416 SF

Property Details

  • Property Type Apartments
  • Total Building Size 76,630 SF
  • Lot Size 0.64 AC
  • Building Class C
  • Year Built 1986
  • Zoning MS2[1913] H(25)
80 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101-103 Retail 1,416 SF $561,093 USD
  • Unit Size: 1,416 SF
  • Condo Use: Retail
  • Price: $561,093 USD
  • Sale Type: Investment
  • Price/SF: $396.25 USD

Description

High-visibility urban commercial investment offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With one year remaining on the existing lease, the property is generating stable annual net income of approximately $47,500, while a two-year renewal option adds near-term continuity and future upside at rollover. Supported by durable demand drivers and a well-established corridor, this offering represents a disciplined acquisition for investors seeking resilient urban commercial real estate.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
12 min - 4.5 mi
16 min - 7.7 mi
AirportDriveWalkDistance
Ottawa International 11 min - 4.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 23
Type: Surface
Included in Rent: Yes
Danny Morissette 613-334-6497 DRM Real Estate & Developments; Brokered By RE/MAX
Danny Morissette 613-334-6497 DRM Real Estate & Developments; Brokered By RE/MAX