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371-375 Bank ST Ottawa Centre, ON K2P 1Y2
7,930 SqFt
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7,930 sqft
Price per Sqft $535
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12403627
Annual Tax Amount $34,633
Tax Year 2025
Property Sub-Type Investment
Lot Depth 80.0
Lot Front 50.0
Property Description
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.
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Zoning TMH(19)
Interior
Cooling No
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 80.0
Listed by CLV REALTY CORPORATION
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