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    For Sale - 245 Bay Street, Ottawa Centre, Ontario

    Est payment $8,528/mo
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    Views   1
    Time on Jump  3 day

    AI Summary *

    • Prime corner property with dual frontage and two addresses in downtown Ottawa.
    • Close to top-rated schools, parks, and public transportation options.
    • Spacious 3,300 square feet with versatile use as offices or residential.
    • Parking for 12 vehicles, with rental income from 7 spaces.
    • New zoning allows for high-rise development and additional construction opportunities.




    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 many 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.
    Listing IDX13519132
    Address245 Bay Street
    CityOttawa Centre, Ontario
    Price$1,776,000
    StyleCommercial Retail
    Land Size3300
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling Gas Hot Water

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    Listing Agency:  COLDWELL BANKER FIRST OTTAWA REALTY

    * 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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    245 Bay Street
    Ottawa Centre , Ontario
    $1,776,000
    Get more info