245 Bay Street
Ottawa Centre, K1R 5Z4
FOR SALE
$1,779,000

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Commercial Retail
CATEGORY1,700 Sq Ft
OFFICE/APT AREAX12764910
MLSIDContact Us
Property Description
Exceptional Investment Opportunity! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtownOttawa. Benefting from dual frontage and two separate addresses on both streets . It is surrounded by several high apartment buildings. In adensely 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 0fces/bedrooms (suitable for use as ofces, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The frst foor is currently operating asa 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 foradditional rental incomes with 2200 square feet area. With ample parking, excellent transportation access, and versatile usage options, this is aturnkey investment-don't miss out on this rare opportunity! Owner can offer second mortgage choice to buyer.
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Property Details
Address
245 Bay Street
Community
City
Postal Code
K1R 5Z4
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
R5B
Lot Size
66' x 50'
Office Area
1,700 Sq Ft
Retail Area
1,600 Sq Ft
Acreage
3,300.0 Feet
Taxes
$17,050 (2025
Heat Type
Gas Hot Water
Water
Municipal
Parking Spaces
12
Garage Type
Outside/Surface
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Listing contracted with Coldwell Banker First Ottawa Realty
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