$4,400,000
FOR SALE

Investment

Lot: 152.93 x 188.98 ftTotal Area: 4,835 ft2
2023 Taxes: $49,650

1556 Bank St
Ottawa, ON K1H 7Z4

Single-tenant bank with great redevelopment potential. The Property is 100% leased to Bank of Montreal on a net lease providing stable cashflow with yearly rental steps. Located within the Bank Street South Secondary Plan, the Property is primed for redevelopment in an urban intensification zone with as-of-right height and density permissions of 9 storeys and 100,000+ SF of mixed use residential.
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Listed By COLLIERS MACAULAY NICOLLS INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8349752
Last Updated May 17, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 041470209
Legal Description PLAN 409 LOTS 21 TO 14 PARTS OF LOTS 16, 25 & 26
Occupancy Tenant
Possession Date TBD
Taxes (2023) $49,650
Tax Type Annual
Directions/Cross Streets Bank Street/ Heron Road
Neighbourhood Ottawa
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 152.93 x 188.98 ft
Retail Area 4,835 ft2
Total Area 4,835 ft2
Air Conditioning Y
Garage Type Outside/Surface
Heat Type Gas Forced Air Closd
Sprinklers Y
Sewers San+Storm
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning AM1 [1913] - Arterial Mainstreet
Seller Property Info Statement N

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