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245 Bay Street

4102 - Ottawa Centre, Ottawa Centre, K1R 5Z4

$1,777,866

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Listed 7 days ago · MLS® X14020456

About this home

Exceptional Investment Opportunity and excellent location in downtown Ottawa! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefting from dual frontage and two separate addresses on both streets . It is surrounded by many 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 offices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first foor is currently operating as a convenience store, but can easily be adapted for other uses. The current building's basement is used as storage, but it can be also used as club. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes with 2200 square feet area land . With ample parking, excellent transportation access, and versatile usage options. In addition, in terms of New Zoning (By-law 2026-50), the place can be built a hub(high building with 90 meters). Another building can be constructed in the additional land(i.e. the parking spots). It can be used (1)personal service business: barber shop, beauty parlour, or dry cleaner's distribution station. (2) place of assembly: club. (3)retail store: drugstore, floristshop, newsstand. (4) restaurant. This is a rare investment opportunity! Owner can offer second mortgage choice to buyer.

Details

Type
Commercial Retail
Lot
66 × 50 ft
Garage
Outside/Surface
Property tax
$17,050 (2025)
Neighbourhood
4102 - Ottawa Centre
Municipality
Ottawa Centre

Heating, cooling and services

Heating
Gas Hot Water
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
3,300 Square Feet

More

Possession
Flexible
Cross street
Cross in Bay street and Gloucester Street

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Lyon LRT6 min walk
  • 🚇 Parliament LRT12 min walk

Within a 10-minute walk: 8 grocery stores, 186 cafés and restaurants, 11 parks, 17 pharmacies. Nearest grocery: Food Basics (350 m). Nearest park: Lisgar Parkette (150 m).

Schools nearby

Elementary

  • Centennial Public School
    EQAO: Gr 6 reading 79%, math 32%    1 min walk
  • Cambridge St Community Public School
    EQAO: Gr 6 reading 77%, math 23%    13 min walk
  • St. Anthony School Catholic
    EQAO: Gr 6 reading 70%    16 min walk
  • Elgin Street Public School
    EQAO: Gr 6 reading 96%, math 84%    17 min walk

Secondary

  • Albert Street Education Centre3 min walk
  • St. Patrick's Adult School Catholic4 min walk
  • Debbie Campbell Learning Academy Private4 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K1R

Owners / renters
31% / 69%
Median household income
$74,000
Average age
40
Children under 15
8%
Homes
6% detached, 49% high-rise
Commute by transit
18%
Population
20,343

Languages spoken most at home besides English: Yue (Cantonese) 1.6%, Vietnamese 1.4%, Mandarin 1.2%, Arabic 1%.

Safety

Crime Severity Index for Ottawa police: 52 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Ottawa: 1 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by COLDWELL BANKER FIRST OTTAWA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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