6637 Bank Street Ottawa, Ontario K0A 2P0
$1,500,000
This commercial property offers 5.73 acres of Rural Commercial (RC) zoned land, suitable for various industrial and commercial uses, with 167 feet of frontage on Bank Street. Formerly a motel, it includes +/- 20 parking spots. Currently houses 10 residential units (1 x 3-bedroom house and 9 bachelor apartments). Ideal for adding more units, increasing rental income, operating a business, or utilizing the building and land for storage. Priced for land value at only $261,780/Acre, this property is an excellent redevelopment opportunity. Updates include a new water system (2011), roof (2009), newer windows (2018), and two septic tanks (2007 & 2021). One hydro meter services the entire property. Ideal for development with proximity to Highway 417 and major transport routes. 20-minute drive to Highway 417. Rent rolls and expense statements are available on request. Vendor open to offering a limited vendor take-back (VTB) mortgage option. Don't miss this rare opportunity in a booming industrial setting with huge commercial potential! (id:39840)
Property Details
| MLS® Number | X11987132 |
| Property Type | Vacant Land |
| Community Name | 1605 - Osgoode Twp North of Reg Rd 6 |
| Features | Irregular Lot Size |
| Parking Space Total | 20 |
Building
| Size Interior | 5.73 Acres |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 970 Ft |
| Size Frontage | 167 Ft |
| Size Irregular | 167 X 970 Ft |
| Size Total Text | 167 X 970 Ft |
| Zoning Description | Rural Commercial (rc) |
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February 25 2025 04:23:03
Ottawa Real Estate Board
Royal LePage Team Realty