$1,779,000
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245 Bay Street, Ottawa, ON K1R5Z4

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- Beds
0 Baths
3,300 Sq Ft

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 several 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:58753)

Listing By: Stephen Wu - COLDWELL BANKER FIRST OTTAWA REALTY cncrea2 Realty.com
  • MLS® X12921094
  • Date Listed03/25/2026
  • Days on Realty 73 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Other
  • Water Public
  • Square Feet 3,300 sq. ft
  • Price Per Sq. Ft $539.09

Interior Features

  • Appliances Washer, Dryer
  • Cooling Fully air conditioned
  • Heating Hot water radiator heat, Natural gas

Exterior / Lot Features

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

Directions

Cross Streets: Cross in Bay street and Gloucester Street. ** Directions: East of Bay Street.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1R5Z4

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

Walkability in ON / K1R5Z4

Source: Walk Score

99/100

Walker's Paradise

Walk Score ®

93/100

Rider's Paradise

Transit Score ®

96/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.

Transit Summary

70 nearby routes: 69 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 63/100, Bike Score: 86/100.

Points of Interest near 245 BAY STREET, Ottawa, ON K1R5Z4

Frequently Asked Questions for 245 BAY STREET

Source: Realty.com

245 BAY STREET, Ottawa, ON K1R5Z4 in Ottawa, ON K1R5Z4 is a other listed at $1,779,000. Highlights include 3,300 sq. ft., $539 per sq. ft.. Realty.ca has 32 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 32 photos of 245 BAY STREET.

The full address for this home is 245 BAY STREET, Ottawa, ON K1R5Z4.

245 BAY STREET has been listed on Realty.com since Wed March 25, 2026

Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 63/100, Bike Score: 86/100.

Listing provided courtesy of: COLDWELL BANKER FIRST OTTAWA REALTY
Listing agent: Stephen Wu

This content last refreshed on 2026-06-06 21:40:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.