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    For Sale - 1240 BANK Street, Glebe - Ottawa East and Area, Ontario

    Est payment $7,083/mo
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    Views   3
    Time on Jump  330 day

    AI Summary *

    • Classic red brick storefront in vibrant Old Ottawa South.
    • Nearly 4,000 square feet with spacious two floors and full-height basement.
    • Great potential for redevelopment with eligibility for up to nine storeys.
    • Fenced laneway access for loading and parking convenience.
    • Recent environmental assessments confirm the property is clean and ready.




    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.
    Listing IDX12254438
    Address1240 BANK Street
    CityGlebe - Ottawa East and Area, Ontario
    Price$1,475,000
    Bath2 Full
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Forced Air Open

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1240 Bank Street
    Glebe - Ottawa East and Area , Ontario
    2 $1,475,000
    Get more info