More Photos

×

    For Sale - 245 Bay Street, Ottawa Centre, Ontario

    Est payment $8,537/mo
    Get pre-qualified
    Views   1
    Time on Jump  5 day

    AI Summary *

    • Prime downtown corner property with dual frontage and two street addresses.
    • Versatile interior with 5 offices/bedrooms and adaptable space for various uses.
    • Ample parking with 12 spaces, including 7 currently generating rental income.
    • Excellent public transport access, with bus and light rail stations nearby.
    • Potential for new high-rise development and additional construction on extra land.




    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 IDX14020456
    Address245 Bay Street
    CityOttawa Centre, Ontario
    Price$1,777,866
    StyleCommercial Retail
    Land Size3300
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailBasement 1Heating / Cooling Gas Hot Water

    ASAP

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    Sun

    1

    Nov

    Mon

    2

    Nov

    Tue

    3

    Nov

    Wed

    4

    Nov

    Thu

    5

    Nov

    Fri

    6

    Nov

    Sat

    7

    Nov

    Sun

    8

    Nov

    Mon

    9

    Nov

    Tue

    10

    Nov

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    431 Gilmour Street
    Ottawa Centre, Ontario.
    8 Beds | 9 Baths
    $1,599,000
    Loading...
    245 Bay Street
    Ottawa Centre , Ontario
    $1,777,866
    Get more info