502 Bank Street
Ottawa Centre, K2P 1Z4
FOR SALE
$3,750,000
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Store W Apt/Office
CATEGORY 25.4
OFFICE/APT AREA X14160010
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Property Description
Exceptional opportunity to acquire a well-established income property. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors.
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Property Details
Address
502 Bank Street
Community
City
Postal Code
K2P 1Z4
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
MS1 H(30)
Lot Size
66' x 99'
Office Area
25.4
Retail Area
74.6
Acreage
6,296.9 Feet
Taxes
$51,142 (2026
Heat Type
Other
Water
Municipal
Garage Type
None
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Listing contracted with Sutton Group - Ottawa Realty
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