$1,475,000
FOR SALE

Commercial/Retail

Lot: 39.67 x 89.89 ft
2025 Taxes: $23,000

1240 BANK St
Glebe - Ottawa East And Area, ON K1S 3Y3 | 4403 - Old Ottawa South | Ottawa

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.
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12254438
Last Updated Apr 23, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
PIN 041450191
Legal Description PCL 1-1, SEC 4M-34 ; LT 1, PL 4M-34 ; OTTAWA/NEPEAN
Possession Date Flexible 30-90 days
Taxes (2025) $23,000
Directions/Cross Streets Bank Street and Cameron Ave.
Neighbourhood 4403 - Old Ottawa South
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Bathrooms 2
Lot 39.67 x 89.89 ft
Air Conditioning Yes
Garage Type Lane
Parking Spaces 6
Heat Type Gas Forced Air Open

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