$1,475,000
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1240 Bank Street, Ottawa, ON K1S3Y3

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- Beds
2 Baths
3,800 Sq Ft

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. (id:58753)

Listing By: Ian Hassell - RE/MAX HALLMARK REALTY GROUP cncrea2 Realty.com
  • MLS® X12254438
  • Date Listed07/01/2025
  • Days on Realty 340 Days
  • Bedrooms -
  • Bathrooms 2 baths
  • Lot Size -
  • Property Type Other
  • Water Public
  • Square Feet 3,800 sq. ft
  • Price Per Sq. Ft $388.16

Interior Features

  • Cooling Fully air conditioned
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Bank Street and Cameron Ave. ** Directions: Bank Street just North of Billings Bridge and South of Sunnyside.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1S3Y3

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1S3Y3

Source: Walk Score

92/100

Walker's Paradise

Walk Score ®

70/100

Excellent Transit

Transit Score ®

97/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

Transit Summary

32 nearby routes: 32 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 67/100, Transit Score: 59/100, Bike Score: 79/100.

Points of Interest near 1240 BANK STREET, Ottawa, ON K1S3Y3

Frequently Asked Questions for 1240 BANK STREET

Source: Realty.com

1240 BANK STREET, Ottawa, ON K1S3Y3 in Ottawa, ON K1S3Y3 is a other listed at $1,475,000. Highlights include 2 bathrooms, 3,800 sq. ft., $388 per sq. ft.. Realty.ca has 26 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 26 photos of 1240 BANK STREET.

The full address for this home is 1240 BANK STREET, Ottawa, ON K1S3Y3.

1240 BANK STREET has been listed on Realty.com since Tue July 01, 2025

Daily errands do not require a car. Transit is convenient for most trips. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 67/100, Transit Score: 59/100, Bike Score: 79/100.

Listing provided courtesy of: RE/MAX HALLMARK REALTY GROUP
Listing agent: Ian Hassell

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