371-375 Bank Street
Ottawa Centre, ON
- 7,930 sqft
- Commercial Retail
- 355 days on market
371-375 Bank Street presents a rare opportunity to acquire a fully tenanted mixed-use building in one of Ottawa's most dynamic and established neighbourhoods. Spanning 7,930 sq. ft., the property features a 3,070 sq. ft. ground-floor commercial unit, currently leased to the well-known local grocer Herb & Spice under a 10-year lease with an option to extend, providing investors with secure, long-term cash flow from a trusted tenant. Above, six well-maintained residential units add further income diversity and consistent rental demand. Situated in the vibrant Centretown district, the property benefits from exceptional visibility and steady pedestrian traffic along Bank Street, one of the city's most recognized commercial corridors. Tenants enjoy immediate access to public transit, retail, restaurants, and essential services, while investors benefit from the strong fundamentals of this highly sought-after location. With its mix of secure commercial tenancy, desirable residential units, and prime urban setting, 371 Bank Street offers a turnkey investment opportunity with both stability and long-term value growth.
Listing Details
- Taxes (2025)
- $34,633
- Listed
- September 12, 2025
Price History
Listing history
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Property
- Lot Size
- 49.97 x 49.97 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Bank & Lewis
- Zoning
- TMH(19)
- Parcel Number
- 041190329
- Possession
- Flexible
- Occupancy
- Tenant
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
- $450,000
- Homes sold
- 371
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 371 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
CLV REALTY CORPORATION
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 7,930 sq ft
- Price per sq ft
- $535.94
- Annual property tax
- $34,633
- Tax per sq ft
- $4.37
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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