For Sale

245 Bay Street, Ottawa Centre, Ontario K1R 5Z4

$1,799,000

245 Bay Street, Ottawa Centre, Ontario K1R 5Z4 is For Sale and has a listing price of 1,799,000. The property is located in the Ottawa Centre . It's been on the website for 16 Days.

  • MLS ID: X12501344
  • Office Name COLDWELL BANKER FIRST OTTAWA REALTY
Property Description

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.

Property Details
  • MLS ID: X12501344
  • Price: $1,799,000
  • Lot Depth: 50
  • Transaction Types: For Sale
  • Ref ID: X12501344
  • Year Built: N/A
  • Dir / Cross St: Cross in Bay street and Gloucester Street
  • Status: Active
  • Tax Year: 2025
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
11/03/2025 X12501344 $1,799,000 For Sale - -
11/01/2025 X12499542 $3,700 For Rent - -
05/09/2025 X12135935 $1,800,000 For Sale - -
01/10/2025 X11916522 $1,800,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Ottawa Centre
  • $733,127 Average List Price
    based on 1 year
  • 150 New Listings
    based on 30 days
  • 45 Median Days on Market
    based on 1 year
  • List vs. Selling Price 80.52 % Up
  • Sold (12mo) 162
  • Rented (12mo) 176

  • 1 Month Change +110.9%
  • 3 Month Change -
  • 6 Month Change -10.1%
Walkscore
Additional Details
  • Heat Type Gas Hot Water
  • Garage Type Outside/surface
  • Parking Spaces: 12
  • Taxes: $17,050
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/11/2025 05:07:02
  • Property Mgmt Co: Owner
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