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245 Bay St 1,600 SF of Retail Space Available in Ottawa, ON K1R 5Z4
Highlights
- Two-Story Masonry Building
- Mixed-Use Retail & Residential
- Signalized Intersection Exposure
- Downtown Ottawa Location
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1 | 1,600 SF | Negotiable | $27.75 CAD/SF/YR $2.31 CAD/SF/MO $44,400 CAD/YR $3,700 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 1
Excellent Business opportunity! The prominent corner retail space, located at the prime downtown Ottawa intersection of Bay Street and Gloucester Street, is now available for lease. The unit spans 1,600 square feet and includes a basement with washroom and storage facilities. Situated on a highly visible cornor in a densely populated area surrounded by high-rise residential buildings. It offers exceptional convenience. Public transportations are easily accessible, with bus stops and the OLRT-Lyon light rail station wthin walking distance. The space is currently used as a grocery store. With ample parking and excellent transport links, it is ideally suited for a wide range of versatile uses, including various retail businesses, restaurants, club and more.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Central Air and Heating
- Private Restrooms
- Corner Space
- Commercially Oriented Zoning
- Corner Lot Location
- Strong Street Presence and Signage
- Security System Installed
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 245 Bay St, Ottawa, ON K1R 5Z4
- Tenant
- Description
- CAN Locations
- Reach
- Bayscorner
- Retailer
- 1
- -
| Tenant | Description | CAN Locations | Reach |
| Bayscorner | Retailer | 1 | - |
Property Facts
| Total Space Available | 1,600 SF | Gross Leasable Area | 2,964 SF |
| Property Type | Retail | Year Built | 1912 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 2.02/1,000 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 2,964 SF |
| Year Built | 1912 |
| Parking Ratio | 2.02/1,000 SF |
About the Property
245 Bay Street is a mixed-use retail and residential property located in Ottawa's Downtown submarket. Built in 1912, the two-story masonry building contains approximately 2,964 SF, evenly divided between retail and multifamily residential space. The property sits on a 0.08-acre site zoned R5B and features approximately 61 feet of frontage on Bay Street. Building amenities include air conditioning, security systems, signage, video patrol, and access to public transportation. The site is positioned on a corner lot at a signalized intersection and includes six surface parking spaces.
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Video Patrol
- On-Site Retail
- Vintage Building
- Walking/Biking Trails
- On-Site ATM
- Public Transportation
- Air Conditioning
Nearby Major Retailers
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245 Bay St
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