This is a prime opportunity to acquire a well-maintained retail building with premium tenants in the heart of Downtown Ottawa. The property consists of 8,738 SF of above-grade rentable area which is currently 100% leased to a mix of national and local tenants. There is an additional ~4,500SF below grade, of which 3,000 SF is collecting income as storage space. The offering provides an investor with the rare opportunity to obtain a well-positioned retail asset with stable cash flow. 359-363 Bank Street benefits from close connectivity to transit and major arterial routes in Ottawa, with Highway 417 located minutes away. The property has prominent exposure along Bank Street, a high traffic retail corridor in Downtown Ottawa, surrounded by various amenities and complimentary businesses. The area offers excellent transit access, with multiple transit stops running to the building. This unique offering is perfect for an investor looking to acquire an impeccably maintained, highly leasable retail asset in a sought-after location.
Address
359-363 Bank Street
List Price
$4,900,000
Property Type
Commercial
Type of Dwelling
Investment
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
County
Ottawa
Lot Size Source
GeoWarehouse
Lot Depth
114.99
Lot Type
Lot
Lot Size Units
Feet
Lot Width
54.5
MLS® Number
X12096281
Listing Brokerage
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
Postal Code
K2P 1X9
Tax Amount
$62,075.00
Tax Year
2024
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
