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.