2019 Bank St - Apartments CONDO FOR SALE


Ottawa, ON K1V 0N1- East Central
$769,000 CAD
613-334-6497
2019 Bank St, Ottawa, ON for Sale
$769,000 CAD
Apartments CONDO - FOR SALE
1/24
null | Request Cap Rate

2019 Bank St
Ottawa, ON K1V 0N1
East Central


OVERVIEW

High-visibility urban commercial investment offering stable income and long-term corridor appeal. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. asset provides investors with exposure to a prominent main street location supported by surrounding residential density and consistent consumer activity. Its designation within a Major Transit Station Area and Mixed Use policy framework under the Official Plan further reinforces the property's connection to long-term urban growth and intensification. With one year remaining on the existing lease, the property is generating stable annual net income of approximately $47,500, while a two-year renewal option adds near-term continuity and future upside at rollover. Supported by durable demand drivers and a well-established corridor, this offering represents a disciplined acquisition for investors seeking resilient urban commercial real estate.

FOR SALE DETAILS

PRICE

$769,000 CAD

PRICE/SF

$543 CAD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

76,630 SF

STORIES

10

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

MS2[1913] H(25)

APN/PARCEL ID

61411650178700,61411650178702,61411650178703,61411650178706

ASK ABOUT THIS PROPERTY

Danny MorissetteDRM Real Estate & Developments; Brokered By RE/MAXMore Info
613-334-6497

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Danny MorissetteDRM Real Estate & Developments; Brokered By RE/MAXMore Info
613-334-6497

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