245 Bay Street
Ottawa Centre, ON
- 3,300 sqft
- Commercial Retail
- 301 days on market
Exceptional Investment Opportunity! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefiting from dual frontage and two separate addresses on both streets . It is surrounded by several high apartment buildings. In a densely populated neighborhood, it offers access to top-rated public schools, parks, and recreational facilities. The location is highly convenient, with bus stops and the OLRT-Lyon light rail station within walking distance.The property spans 3,300 square feet, upstairs with 5 0ffices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first floor is currently operating as a grocery store, but can easily be adapted for other uses. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes. With ample parking, excellent transportation access, and versatile usage options, this is a turnkey investment-don't miss out on this rare opportunity! Owner can offer second mortgage choice to buyer.
Listing Details
- Taxes (2025)
- $17,050
- Listed
- November 3, 2025
Price History
Listing history
Sign in to view
Property
- Lot Size
- 66 x 50 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Cross in Bay street and Gloucester Street
- Zoning
- R5B
- Parcel Number
- 041140054
- Possession
- 60-89 days
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Other
- Office / Apartment Area
- 1700 Sq Ft
Included
- Inclusions
- Washer, dryer, stove, air conditions, regrigerators, and all funitures.
- Rental Items
- Shelves and coolers
Community
Postal area K1R
- Population
- 20,343
- Private dwellings
- 12,836
- Median age
- 36
- Average household size
- 1.7
- Median household income
- $74,000
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
- 368
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 368 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
COLDWELL BANKER FIRST OTTAWA REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 3,300 sq ft
- Price per sq ft
- $545.15
- Annual property tax
- $17,050
- Tax per sq ft
- $5.17
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?