$1,600,000
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406 408 Bank Street, Ottawa, ON K2P1Y9

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- Beds
0 Baths
3,262 Sq Ft

SHOVEL-READY Apartment Building, an exceptional DEVELOPMENT OPPORTUNITY at the CORNER of Bank St& Florence St. It comes with an APPROVED BUILDING PERMIT for a 6-storey mixed-use building, offering immense potential for an astute developer or investor. This property boasts unparalleled visibility and access in the HEART of OTTAWA, PUBLIC TRANSIT, Retail, Schools, Diverse dining options, Cultural attractions, and Community Amenities, ensuring strong TENANT DEMAND. The approved permits allow for a thoughtfully designed 6-storey building featuring ground-floor commercial space and 28 residential units above. The innovative design strategy FORCUSES on MAXIMIZING rental potential with 7 well-appointed 1-bedroom units and 21 efficiently designed bachelor units (resembling a 1-bedroom-like layout). This strategic unit mix targets a highly competitive segment of the rental market, where smaller, doorstep transit, and smartly designed units are in high demand and typically easier to rent. This approach sets your development apart from the standard 1-bed and 2-bed offerings, a distinct advantage. These crucial studies and designs represent a significant DE-RISKING for the buyer, providing a clear path forward and SAVING YEARS of valuable time and effort. While the existing approved designs offer a streamlined development path, a buyer who prefers to revise elements can still leverage the extensive pre-development work. READY TO BUILD: Significant Savings & Speed to Market! (id:58753)

Listing By: Nicole Li - SOLID ROCK REALTY cncrea2 Realty.com
  • MLS® X12957606
  • Date Listed04/04/2026
  • Days on Realty 63 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Sewer Other
  • Square Feet 3,262 sq. ft
  • Price Per Sq. Ft $490.5

Exterior / Lot Features

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

Directions

Cross Streets: Florence St. ** Directions: Bank St from North to South, the corner of Florence St and Bank St.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K2P1Y9

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

Walkability in ON / K2P1Y9

Source: Walk Score

98/100

Walker's Paradise

Walk Score ®

62/100

Good Transit

Transit Score ®

98/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Daily errands can be accomplished on a bike.

Transit Summary

25 nearby routes: 25 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 60/100, Bike Score: 83/100.

Points of Interest near 406 408 BANK STREET, Ottawa, ON K2P1Y9

Frequently Asked Questions for 406 408 BANK STREET

Source: Realty.com

406 408 BANK STREET, Ottawa, ON K2P1Y9 in Ottawa, ON K2P1Y9 is a land listed at $1,600,000. Highlights include 3,262 sq. ft., $491 per sq. ft.. Realty.ca has 3 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 3 photos of 406 408 BANK STREET.

The full address for this home is 406 408 BANK STREET, Ottawa, ON K2P1Y9.

406 408 BANK STREET has been listed on Realty.com since Sat April 04, 2026

Daily errands do not require a car. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 60/100, Bike Score: 83/100.

Listing provided courtesy of: SOLID ROCK REALTY
Listing agent: Nicole Li

This content last refreshed on 2026-06-06 11:33:24. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.