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$ 1,779,000
Est. payment /mo
Active
245 Bay ST Ottawa Centre, ON K1R 5Z4
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 4102 - Ottawa Centre
MLS Listing ID X12921094
Annual Tax Amount $17,050
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
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 several 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.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 50.0
Others
Security Features No
ParcelsYN No
Listed by COLDWELL BANKER FIRST OTTAWA REALTY