This retail property in Ottawa is for sale offering roughly 3,300 sq ft of space. It has been on the market 22 days, fresher than the Ottawa average of 63 days.
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. (id:66096)
Property Details
MLS®
X14020456
Property Type
Retail
Zoning
R5B
Parking
12
Interior Size
3,300 ft²
Frontage
66 ft
Building Area
3,300 ft²
Heating
Hot water radiator heat, Natural gas
Cooling
Fully air conditioned
Property Tax
$17,050/yr
Listed
22 days ago
Features
Appliances
Washer, Dryer
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
22d
Ottawa listings, avg age
63d
Price / ft²
$539
List price
$1.78M
Extended: 22 days on market, against an average age of 63 days across the listings currently for sale in this city
Market timing · days on market0 → 63d avg age of current listings
Extended · day 22
Haho
This retail in Ottawa has been listed for 22 days, which is 41 days fresher than the city average of 63. Act while there is still low competition.
Listed by COLDWELL BANKER FIRST OTTAWA REALTY · Stephen Wu
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K1R)
This home lists at $1,777,866, about 24.0× the local median household income of $74,000.
Carrying it typically needs a household income of about $347,279 (20% down, 25-yr amortization, stress-tested) — roughly 369% above the area median.
Median household income
$74,000
Population
20,343
Median age
36
Owner / renter
31% / 69%
Avg. household size
1.7
Source: Statistics Canada, 2021 Census (FSA K1R)
$1,777,866· $539/ft²
For sale
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Financing
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