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391 Bank St 6,147 SF Retail Building Ottawa, ON K2P 1Y3 $2,200,000 CAD ($357.90 CAD/SF)
Investment Highlights
- Prime Centretown Ottawa location directly across from the new James House condo development and minutes from HWY 417 and the Glebe.
- Includes six rear tandem parking spaces and updated HVAC systems, grade-level windows, and front doors (all replaced in 2016).
- Versatile 6,000 sq ft vacant building featuring a 2,000 sq ft ground-floor retail unit plus separate-access upper and lower units
- Ideal for owner-users with strong potential for additional rental income at a $2,200,000 sale price
Executive Summary
Located in the heart of Ottawa Centretown, directly across from the new James House condo development, a 2-minute drive to HWY 417 / the Glebe and surrounded by dense residential and commercial retail. This vacant building offers a ground-level 2,000 sqft retail unit with a separate entrance to the second floor, which includes two individual units, and an additional unit in the basement with a separate entrance. Each floor is approximately 2,000 sqft. The property includes six tandem rear parking spaces. HVAC systems were replaced, along with new grade-level windows and front doors, in 2016. This property presents an excellent opportunity for owner-users, while also offering the ability to generate additional rental income. Sale Price: $2,200,000
Ground Floor Ceiling Height: 10'
Second Floor Ceiling Height: 9'
Basement Ceiling Height: 8'
Building SF: 6,147 SF
Lot Size: 3,735 SF
Parking Spots: 6 Tandem
Electrcial:
100A@600V
and
200A@240V
HVAC:
Separate
HVAC's per
Floor (2016)
Roof: Flat
(2025)
Zoning: TM H(19)
Ground Floor Ceiling Height: 10'
Second Floor Ceiling Height: 9'
Basement Ceiling Height: 8'
Building SF: 6,147 SF
Lot Size: 3,735 SF
Parking Spots: 6 Tandem
Electrcial:
100A@600V
and
200A@240V
HVAC:
Separate
HVAC's per
Floor (2016)
Roof: Flat
(2025)
Zoning: TM H(19)
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
6,147 SF
Building Class
B
Year Built
1965
Price
$2,200,000 CAD
Price Per SF
$357.90 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.57
Lot Size
0.09 AC
Zoning
TM H(19) - Traditional Main Street
Parking
6 Spaces (0.98 Spaces per 1,000 SF Leased)
Frontage
30’ on Bank
Amenities
- Controlled Access
- Security System
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (85)
Bike Score®
Biker's Paradise (99)
Nearby Major Retailers
1 of 32
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391 Bank St
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