Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
  • Advertising

1240 BANK STREET, Ottawa, Ontario, K1S 3Y3

MLS® # 1372404
Commercial For Sale In Old Ottawa South, Ottawa, Ontario
$1,800,000
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
1240 Bank Street, Ottawa, ON
  • Advertising
ACTIVE
1240 BANK STREET, Ottawa, Ontario, K1S 3Y3
$1,800,000

Property Information:

Classic red brick storefront in a busy, vibrant section of Bank Street in Old Ottawa South. Approximately 3,800 sq' over 2 above grade floors, plus a full height basement also used for retail display. This is a well established downtown community just south of The Glebe and Lansdowne Park and just north of Billings Bridge, very close to the Transitway. While the streetscape is well established, it is also poised for major redevelopment, with several adjacent large land parcels showing exceptional potential. This property is ideal with it's current use, but could be redeveloped on its' own. There is a laneway off the side street (Chesley) for access to the back of the property. Clean Environmental Phase 1 and 2 recently done (2023). (id:27)

Property Features:

  • OwnershipType: Freehold
  • Property Type: Retail
  • Built in: 1920
  • Irregular: Yes
  • Lot Depth: 89.9 Feet
  • Lot Frontage: 39.7 Feet
  • Lot Size: 39.67 ft X 89.89 ft
  • Zoning: TM2
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX HALLMARK REALTY GROUP

REALTOR.ca  

Location of 1240 BANK STREET, Ottawa, Ontario, K1S 3Y3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 1240 BANK STREET , experiences 7 hot days per year at around 31.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31.2℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 1240 BANK STREET , experiences 11 significant 2-day storms per year, with about 319.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 408.5mm of precipitation per year.

Precipitation Per Storm

Past
319.2mm
2050
408.5mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 1240 BANK STREET, Ottawa, Ontario, K1S 3Y3

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$234,008.38

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.32 %

High school certificate or equivalent

17.44 %

Apprenticeship trade certificate/diploma

1.28 %

College/non-university certificate

9.73 %

University certificate (below bachelor)

4.27 %

University Degree

55.96 %

Commuter

Travel To Work

By Car

58.28 %

By Public Transit

8.43 %

By Walking

24.26 %

By Bicycle

4.33 %

By Other Methods

4.7 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.86 %

Houses

68.14 %

Own Vs. Rent