299 Bank St - Office FOR SALE


Ottawa, ON K2P 1X7- Downtown
$5,850,000 CAD
613-880-4106
299 Bank St, Ottawa, ON for Sale
$5,850,000 CAD
Office - FOR SALE
1/2
null | Request Cap Rate

299 Bank St
Ottawa, ON K2P 1X7
Downtown


OVERVIEW

OWNER OCCUPIER / INVESTMENT OPPORTUNITY. 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. 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 has approx. 6,000 SF of creative open concept office space which includes a kitchenette and two large washrooms. Large staircase landings could accommodate a future elevator if desired by the purchaser. Opportunity for purchaser to occupy part or whole building. No options to renew in place but both tenants 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 10 minute 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.

FOR SALE DETAILS

PRICE

$5,850,000 CAD

PRICE/SF

$325 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

TM H(19)

APN/PARCEL ID

61404200128600

ASK ABOUT THIS PROPERTY

John ZinatiZinati Realty IncMore Info
613-880-4106

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John ZinatiZinati Realty IncMore Info
613-880-4106

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