$1,475,000
FOR SALE

Commercial/Retail

Lot: 39.67 x 89.83 ft

1240 Bank Street
Ottawa, ON K1S 3Y3

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. (id:47421)
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X12254438
Last Updated Apr 24, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Community 4403 - Old Ottawa South
Price History

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Detailed Information
Bathrooms 2
Lot 39.67 x 89.83 ft
Listing Contract Date 2025-07-01
Location Description Cross Streets: Bank Street and Cameron Ave. ** Directions: Bank Street just North of Billings Bridge and South of Sunnyside.
# of Parking Spaces 6
Property Type Retail
Transaction Type For sale
Zoning Description TM2
Business
Business Type Retail and Wholesale
Business Subtype Retail misc.
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Size (Exterior) 3800 square feet
Utility Water Municipal water
Land
Total Size Bldg=39.67 x 89.89 FT ; 0
Size of Irregular Land Bldg=39.67 x 89.89 FT ; 0
External Links

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