Exceptional Investment Opportunity! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefiting 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 0ffices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first floor is currently operating as a grocery store, but can easily be adapted for other uses. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes. With ample parking, excellent transportation access, and versatile usage options, this is a turnkey investment-don't miss out on this rare opportunity! Owner can offer second mortgage choice to buyer.
Address
245 Bay Street
List Price
$1,799,000
MLS® Status
New
Expiration Date
2026-04-30
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Ottawa Centre
Sub-Area
4102 - Ottawa Centre
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
50
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
66
Parcel Number
041140054
Total Building Area
3300
Occupant Type
Owner+Tenant
Cross Street
Cross in Bay street and Gloucester Street
MLS® Number
X12501344
Listing Brokerage
COLDWELL BANKER FIRST OTTAWA REALTY
Basement
Yes
Postal Code
K1R 5Z4
Parking Spaces
12
Tax Amount
$17,050.00
Tax Year
2025
Property Management Company
Owner
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
No
