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1235 Bank St 0.33 Acres of Commercial Land Offered at $2,572,565 USD in Ottawa, ON K1S 3Y3
Investment Highlights
- Prominent corner location with frontage along Bank Street and Cameron Avenue.
- Located within walking distance of Lansdowne Park, Rideau Canal, and Carleton University.
- Surrounded by established neighborhoods and emerging mixed-use developments.
- Flexible zoning permits residential, retail, and commercial uses with a 15-meter height allowance.
- Strong pedestrian traffic and connectivity to major transit routes.
- High-demand area supported by strong rental fundamentals and projected population growth.
Executive Summary
This offering presents a rare opportunity to acquire a 14,241-square-foot development site in the highly sought-after Old Ottawa South neighborhood. Positioned at the intersection of Bank Street and Cameron Avenue, the property benefits from exceptional visibility and accessibility within a vibrant, mixed-use corridor. The site is zoned TM2H(15) – Traditional Mainstreet and R3P – Residential Third Density, allowing for a broad range of residential, retail, and commercial uses. Current zoning supports a building height of up to 15 meters, with potential for additional height and density subject to municipal approvals.
The location offers strong fundamentals for long-term value creation, including proximity to Lansdowne Park, the Rideau Canal, Billings Bridge, and Carleton University. The area is characterized by excellent connectivity, a robust retail corridor, and sustained rental demand from students, professionals, and families. With flexible zoning, premium frontage, and a pedestrian-oriented streetscape, this property is ideally suited for a high-quality, community-oriented development aligned with the City’s growth objectives.
The location offers strong fundamentals for long-term value creation, including proximity to Lansdowne Park, the Rideau Canal, Billings Bridge, and Carleton University. The area is characterized by excellent connectivity, a robust retail corridor, and sustained rental demand from students, professionals, and families. With flexible zoning, premium frontage, and a pedestrian-oriented streetscape, this property is ideally suited for a high-quality, community-oriented development aligned with the City’s growth objectives.
Property Facts
| Price | $2,572,565 USD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.33 AC |
| Property Type | Land | ||
| Zoning | TM2H - traditional mainstreet zone | ||
| Price | $2,572,565 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.33 AC |
| Zoning | TM2H - traditional mainstreet zone |
1 Lot Available
Lot
| Price | $2,572,565 USD | Lot Size | 0.33 AC |
| Price Per AC | $7,868,902.99 USD |
| Price | $2,572,565 USD |
| Price Per AC | $7,868,902.99 USD |
| Lot Size | 0.33 AC |
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
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1235 Bank St
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