245 Bay Street
Ottawa Centre, ON
- 3,300 sqft
- Commercial Retail
- 160 days on market
Exceptional Investment Opportunity and excellent location in downtown Ottawa! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefting 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 offices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first foor is currently operating as a convenience store, but can easily be adapted for other uses. The current building's basement is used as storage, but it can be also used as club. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes with 2200 square feet area land . With ample parking, excellent transportation access, and versatile usage options. In addition, in terms of New Zoning (By-law 2026-50), the place can be built a hub(high building with 90 meters). Another building can be constructed in the additional land(i.e. the parking spots). It can be used (1)personal service business: barber shop, beauty parlour, or dry cleaner's distribution station. (2) place of assembly: club. (3)retail store: drugstore, floristshop, newsstand. (4) restaurant. This is a rare investment opportunity! Owner can offer second mortgage choice to buyer.
Listing Details
- Taxes (2025)
- $17,050
- Listed
- March 25, 2026
Price History
Listing history
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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
- Immediate
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Other
Included
- Inclusions
- Washer, dryer, stove, air conditions, refrigerators, and all funitures.
- Exclusions
- 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
- $539.09
- 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.
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