1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3
Glebe - Ottawa East and Area
This property features a classic red brick storefront located in the bustling and vibrant section of Bank Street, situated in the heart of Old Ottawa South. The property spans nearly 4,000 square feet, distributed over two above-grade floors, with an additional full-height basement that is also utilized for retail display purposes. The main and second floors boast approximately 9-foot ceilings, while the basement features an 8-foot ceiling height. Situated in a well-established downtown community, the property is conveniently located just south of The Glebe and Lansdowne Park, and north of Billings Bridge, with close proximity to the Transitway. The well-established streetscape is poised for significant redevelopment, with several adjacent large land parcels demonstrating exceptional potential for future development. According to the new draft Zoning Bylaw, the property is eligible for development up to nine storeys, contingent upon the lot depth. A laneway off Chesley Street provides access to the rear of the property for loading and parking. This laneway is fully fenced and enclosed in the section directly behind this property, offering an additional 10 feet in depth which is currently used exclusively. Recent environmental assessments (Phase 1 and 2) conducted by Pinchin in 2023 confirm the property is clean. The interior features large open spaces and is equipped with two electrical services, including a 600-volt service. The property has been commercially rewired in the past, and various building modifications and improvements were undertaken. The property is equipped with two forced air furnaces, both featuring central air conditioning.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3
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MLS# X12254438
Listed by RE/MAX HALLMARK REALTY GROUP
On market since Jul 1, 2025
What comparable homes actually sold for in the last 12 months.
1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 is listed for $1,475,000 CAD.
1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 has 2 bathrooms.
1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 is a Commercial Retail, 3,800 sq ft.
1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 is in Glebe - Ottawa East and Area, Ontario.
1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 is currently for sale.
The annual property taxes on 1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 are approximately $23,000 CAD.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 1240 BANK Street, Glebe - Ottawa East and Area, ON K1S 3Y3 (MLS# X12254438). You can also send a message through the contact form on this site.
