Exceptional opportunity to acquire a well-established income property. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors.
Address
502 Bank Street
List Price
$3,750,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Ottawa Centre
Sub-Area
4103 - Ottawa Centre
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
99.21
Lot Shape
Irregular
Lot Type
Building
Lot Size Units
Feet
Lot Width
65.71
Parcel Number
041220199
Total Building Area
10010
Occupant Type
Tenant
Cross Street
Bank and Catherine
Approx. Age
51 - 99 Years
MLS® Number
X14160010
Listing Brokerage
SUTTON GROUP - OTTAWA REALTY
Basement
Yes
Postal Code
K2P 1Z4
Posession Details
subject to tenancies
Tax Amount
$51,141.80
Tax Year
2026
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Other
Cooling Features
Partial
Garage Type
None
Tax Legal Description
PT LT 9, PL 30 , W/S BANK STREET, AS IN CR602726 & N579917, T/W N579917 ; OTTAWA/NEPEAN TOGETHER WITH AN EASEMENT OVER PART OF LOT 8, PLAN 30, (WEST SIDE OF BANK STREET), BEINGPART 1 ON PLAN 4R-33018 AS IN OC2288893
Security Features
No
Waterfront
No
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