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$1,595,000
Ontario,Ottawa
For Sale Active
1240 BANK STREET, Ottawa, Ontario K1S3Y3
  • 2
  • 3,800 Sqft
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12254438
  • Price: $1,595,000
  • Bathrooms: 2
  • Square Footage: 3,800 Sqft
  • Status: Active
  • Office Name: RE/MAX HALLMARK REALTY GROUP
  • Property Sub Type: Retail
  • Office Key: 278365
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K1S3Y3
  • Street: BANK
  • Street Number: 1240
  • Street Suffix: Street
  • Longitude: W76° 19' 9.7''
  • Latitude: N45° 23' 27.4''
Additional Information
  • Water Source:
  • Business Type: Retail and Wholesale
  • Lot Size Dimensions: Bldg=39.67 x 89.89 FT ; 0
Financial
  • Tax Annual Amount: 23000
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Listing updated: 2026-01-19 10:33:16
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Listing Information
  • List Agent Key: 1403475
  • List Office Key: 278365
  • Modification Timestamp: 2025-11-20T02:05:52Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-11-20T01:53:21Z
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Listing updated: 2026-01-19 10:33:17
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