371-375 Bank Street
Ottawa Centre, K2P 1Y2
FOR SALE
$4,250,000

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Commercial Retail
CATEGORY7,930 Sq Ft
TOTAL AREAX12403624
MLSIDContact Us
Property Description
371-375 Bank Street presents a rare opportunity to acquire a fully tenanted mixed-use building in one of Ottawa's most dynamic and established neighbourhoods. Spanning 7,930 sq. ft., the property features a 3,070 sq. ft. ground-floor commercial unit, currently leased to the well-known local grocer Herb & Spice under a 10-year lease with an option to extend, providing investors with secure, long-term cash flow from a trusted tenant. Above, six well-maintained residential units add further income diversity and consistent rental demand. Situated in the vibrant Centretown district, the property benefits from exceptional visibility and steady pedestrian traffic along Bank Street, one of the city's most recognized commercial corridors. Tenants enjoy immediate access to public transit, retail, restaurants, and essential services, while investors benefit from the strong fundamentals of this highly sought-after location. With its mix of secure commercial tenancy, desirable residential units, and prime urban setting, 371 Bank Street offers a turnkey investment opportunity with both stability and long-term value growth.
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Property Details
Address
371-375 Bank Street
Community
City
Postal Code
K2P 1Y2
Property Type
Commercial Retail, Commercial Retail
Use
Retail
Zoning
TMH(19)
Lot Size
50' x 50'
Total Area
7,930 Sq Ft
Retail Area
3,070 Sq Ft
Acreage
4,028.0 Feet
Taxes
$34,633 (2025
Heat Type
Gas Hot Water
Water
Municipal
Garage Type
None
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Listing contracted with Clv Realty Corporation
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