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2019 Bank St 1,416 SF Retail Condo Unit Offered at $556,980 in Ottawa, ON K1V 0N1
Executive Summary
High-visibility urban commercial investment offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With one year remaining on the existing lease, the property is generating stable annual net income of approximately $47,500, while a two-year renewal option adds near-term continuity and future upside at rollover. Supported by durable demand drivers and a well-established corridor, this offering represents a disciplined acquisition for investors seeking resilient urban commercial real estate.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101-103 | 1,416 SF | Retail | $556,980 USD ($393.35 USD/SF) | - |
Unit 101-103
| Unit Size |
| 1,416 SF |
| Condo Use |
| Retail |
| Price |
| $556,980 USD ($393.35 USD/SF) |
| NOI |
| - |
Unit 101-103
| Unit Size | 1,416 SF |
| Condo Use | Retail |
| Price | $556,980 USD ($393.35 USD/SF) |
| NOI | - |
| Sale Type | Investment |
Property Facts
| Total Building Size | 76,630 SF | Typical Floor Size | 6,743 SF |
| Property Type | Multifamily (Condo) | Year Built | 1986 |
| Property Subtype | Apartment | Lot Size | 0.64 AC |
| Building Class | C | Parking Ratio | 0.3/1,000 SF |
| Floors | 10 | ||
| Zoning | MS2[1913] H(25) - Mainstreet | ||
| Total Building Size | 76,630 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 10 |
| Typical Floor Size | 6,743 SF |
| Year Built | 1986 |
| Lot Size | 0.64 AC |
| Parking Ratio | 0.3/1,000 SF |
| Zoning | MS2[1913] H(25) - Mainstreet |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 72 | - | - |
Presented by
2019 Bank St
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