1235 Bank St - Commercial LAND FOR SALE


Ottawa, ON K1S 3Y3- Downtown14,240 SF
$3,500,000 CAD
613-782-2266
1235 Bank St, Ottawa, ON for Sale
$3,500,000 CAD
Commercial LAND - FOR SALE
1/3
14,240 SF

1235 Bank St
Ottawa, ON K1S 3Y3
Downtown


HIGHLIGHTS

  • Prominent corner location with frontage along Bank Street and Cameron Avenue.
  • Flexible zoning permits residential, retail, and commercial uses with a 15-meter height allowance.
  • Located within walking distance of Lansdowne Park, Rideau Canal, and Carleton University.
  • Strong pedestrian traffic and connectivity to major transit routes.
  • Surrounded by established neighborhoods and emerging mixed-use developments.
  • High-demand area supported by strong rental fundamentals and projected population growth.

OVERVIEW

This offering presents a rare opportunity to acquire a 14,241-square-foot development site in the highly sought-after Old Ottawa South neighborhood. Positioned at the intersection of Bank Street and Cameron Avenue, the property benefits from exceptional visibility and accessibility within a vibrant, mixed-use corridor. The site is zoned TM2H(15) – Traditional Mainstreet and R3P – Residential Third Density, allowing for a broad range of residential, retail, and commercial uses. Current zoning supports a building height of up to 15 meters, with potential for additional height and density subject to municipal approvals. The location offers strong fundamentals for long-term value creation, including proximity to Lansdowne Park, the Rideau Canal, Billings Bridge, and Carleton University. The area is characterized by excellent connectivity, a robust retail corridor, and sustained rental demand from students, professionals, and families. With flexible zoning, premium frontage, and a pedestrian-oriented streetscape, this property is ideally suited for a high-quality, community-oriented development aligned with the City’s growth objectives.

FOR SALE DETAILS

PRICE

$3,500,000 CAD

PRICE/ACRE

$10,705,721/AC

PRICE/SF

$246 CAD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

0.33 AC

LAND SF

14,241 SF

OFFSITE IMPROVEMENTS

-

ZONING

TM2H

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Erik FalardeauCBRE, LimitedMore Info
613-782-2266

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Erik FalardeauCBRE, LimitedMore Info
613-782-2266

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.