245 Bay Street, Ottawa Centre, ON K1R 5Z4
Ottawa Centre
Exceptional Investment Opportunity and excellent location in downtown Ottawa! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefting from dual frontage and two separate addresses on both streets . It is surrounded by many high apartment buildings. In a densely 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 offices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first foor is currently operating as a convenience store, but can easily be adapted for other uses. The current building's basement is used as storage, but it can be also used as club. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes with 2200 square feet area land . With ample parking, excellent transportation access, and versatile usage options. In addition, in terms of New Zoning (By-law 2026-50), the place can be built a hub(high building with 90 meters). Another building can be constructed in the additional land(i.e. the parking spots). It can be used (1)personal service business: barber shop, beauty parlour, or dry cleaner's distribution station. (2) place of assembly: club. (3)retail store: drugstore, floristshop, newsstand. (4) restaurant. This is a rare investment opportunity! Owner can offer second mortgage choice to buyer.
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 245 Bay Street, Ottawa Centre, ON K1R 5Z4
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13519132
Listed by COLDWELL BANKER FIRST OTTAWA REALTY
On market since Jul 3, 2026
245 Bay Street, Ottawa Centre, ON K1R 5Z4 is listed for $1,776,000 CAD.
245 Bay Street, Ottawa Centre, ON K1R 5Z4 is a Commercial Retail, 3,300 sq ft.
245 Bay Street, Ottawa Centre, ON K1R 5Z4 is in Ottawa Centre, Ontario.
245 Bay Street, Ottawa Centre, ON K1R 5Z4 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 245 Bay Street, Ottawa Centre, ON K1R 5Z4 (MLS# X13519132). You can also send a message through the contact form on this site.
