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299 Bank St 18,000 SF 100% Leased Office Building Ottawa, ON K2P 1X7 $5,850,000 CAD ($325 CAD/SF) 7.43% Cap Rate
Investment Highlights
- Prominent location at the busy intersection of Bank and Somerset Streets, ensuring consistent pedestrian and vehicle traffic.
- Opportunity to enhance accessibility with the potential addition of an elevator serving the upper level.
- Close proximity to Parliament Hill, ByWard Market, Glebe, and numerous shops and restaurants.
- Ground floor retail and creative second-floor office space occupied by long-standing tenants with separate utility meters.
- Convenient connectivity to Hwy 417 and public transit, including O-Train and multiple bus routes.
- 55-foot street frontage providing exceptional visibility and signage opportunities in Ottawa’s Centretown.
Executive Summary
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
This two-storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. A long-standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second-floor office tenant is renting on a month-to-month basis, and has approx. 6,000 SF of creative open concept office space includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for the purchaser to occupy part of or the whole building. No options to renew in place, but both tenants are willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a quick walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
This two-storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. A long-standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second-floor office tenant is renting on a month-to-month basis, and has approx. 6,000 SF of creative open concept office space includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for the purchaser to occupy part of or the whole building. No options to renew in place, but both tenants are willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a quick walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
This two-storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. A long-standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second-floor office tenant is renting on a month-to-month basis, and has approx. 6,000 SF of creative open concept office space includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for the purchaser to occupy part of or the whole building. No options to renew in place, but both tenants are willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a quick walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
| Space | Size | Space Use | Build-Out | Available |
| Lower Level | 6,000 SF | Retail | Partial Build-Out | 60 Days |
| Ground | 6,000 SF | Retail | Partial Build-Out | 60 Days |
| 2nd Floor | 6,000 SF | Office | Partial Build-Out | 60 Days |
Lower Level
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 60 Days |
Ground
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| 60 Days |
2nd Floor
| Size |
| 6,000 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| 60 Days |
Lower Level
| Size | 6,000 SF |
| Space Use | Retail |
| Build-Out | Partial Build-Out |
| Available | 60 Days |
This two-storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. A long-standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second-floor office tenant is renting on a month-to-month basis, and has approx. 6,000 SF of creative open concept office space includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for the purchaser to occupy part of or the whole building. No options to renew in place, but both tenants are willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a quick walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
Ground
| Size | 6,000 SF |
| Space Use | Retail |
| Build-Out | Partial Build-Out |
| Available | 60 Days |
This two-storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. A long-standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second-floor office tenant is renting on a month-to-month basis, and has approx. 6,000 SF of creative open concept office space includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for the purchaser to occupy part of or the whole building. No options to renew in place, but both tenants are willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a quick walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
2nd Floor
| Size | 6,000 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | 60 Days |
This two-storey walk-up retail/office building plus full height basement for a total building area of approx. 18,000 SF. Located in the heart of Centretown on one of the busiest corners at Bank and Somerset Street. A long-standing established Dollar Store occupies the ground floor and lower level of approx. 12,000 SF with a lease that expires August 31, 2026. The second-floor office tenant is renting on a month-to-month basis, and has approx. 6,000 SF of creative open concept office space includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for the purchaser to occupy part of or the whole building. No options to renew in place, but both tenants are willing to stay. This property sits on a 55' x 115' lot with easy access to HWY 417 and transit nearby including buses along Bank Street or a quick walk to the Parliament O-Train Station. Close proximity to many amenities such as shops, restaurants, Canal, Parliament, Glebe, ByWard Market and all that downtown Ottawa has to offer.
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299 Bank St
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