511 Bank Street
Ottawa Centre, ON
2,131 sqft • Commercial Retail • 387 days on market
Commercial mix-use property with $113,841 net rental income!! This property is located in a central and established urban area, surrounded with numerous retail services and commercial activities. Its just north of Catherine St and the Queensway, minutes to downtown core, and proximate to major employment, recreational, shopping, Parliament Hill, Rideau Canal, Byward Market plus active infill development. The main level of the building features a fit up restaurant with dining area(approx. 40 seats), service counter, food preparation area, public washrooms, and access to a full basement; the second level is a two bedroom apartment with kitchen, three piece washroom. Please do not approach restaurant owner or the employees re- this sale.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $28,488
- Originally Listed
- $1,387,000
- Listed
- August 7, 2025
Price History
Property
- Lot Size
- 31.97 x 94.84 Feet
Location & Legal
- Cross Street
- Bank x Catherine
- Zoning
- TM H
- Parcel Number
- 041230005
- Possession
- Flexible
Commercial
- Occupancy
- Tenant
Included
- Inclusions
- Fridge & Stove on the upper level, 1 HWT (rental), AC for the upper level (rental), Furnace, Hood in the restaurant kitchen, dishwasher with the sink in the restaurant kitchen
- Exclusions
- Tenant's belongings, wall AC in the restaurant, 1 HWT, all restaurant equipment (except the hood and dishwasher and sink), grease trapper in the basement, walk-in fridge in the basement, washer and dryer
- Rental Items
- One Hot water tank, AC for the upper level
Community
Postal area K2P
- Population
- 18,825
- Private dwellings
- 14,113
- Median age
- 34.4
- Average household size
- 1.5
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Ottawa Centre · last 12 months
- Median sold price
- $450,500
- Homes sold
- 370
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 370 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
EXP REALTY
Location
Street View
Commercial figures
- Building area
- 2,131 sq ft
- Price per sq ft
- $595.50
- Annual property tax
- $28,488
- Tax per sq ft
- $13.37
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?