Salehian.com 647-325-5000

511 Bank Street

4103 - Ottawa Centre, Ottawa Centre, K2P 1Z5

$1,269,000

Photo 1 of 17Photo 2 of 17Photo 3 of 17Photo 4 of 17Photo 5 of 17Photo 6 of 17Photo 7 of 17Photo 8 of 17Photo 9 of 17Photo 10 of 17Photo 11 of 17Photo 12 of 17Photo 13 of 17Photo 14 of 17Photo 15 of 17Photo 16 of 17Photo 17 of 17

Listed 40 days ago · MLS® X13764372

About this home

Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.

Details

Type
Investment
Lot
32 × 94.75 ft
Garage
None
Property tax
$29,436 (2026)
Neighbourhood
4103 - Ottawa Centre
Municipality
Ottawa Centre

Heating, cooling and services

Heating
Baseboard
Air conditioning
Partial
Utilities
Yes

Building and exterior

Building area
2,131 Square Feet

More

Possession
TBD
Cross street
Bank x St Catherine

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

  • 🚇 Parliament LRT1.3 km
  • 🚇 Lyon LRT1.3 km

Within a 10-minute walk: 9 grocery stores, 127 cafés and restaurants, 14 parks, 11 pharmacies. Nearest grocery: Herb & Spice (450 m). Nearest park: Central Park (400 m).

Schools nearby

Elementary

  • Elgin Street Public School
    EQAO: Gr 6 reading 96%, math 84%    10 min walk
  • First Avenue Public School
    EQAO: Gr 6 reading 93%, math 67%    11 min walk
  • Glebe Montessori School Private12 min walk
  • Nouvelle école élémentaire catholique au coeur d'Ottawa French
    EQAO: Gr 6 reading 100%, math 100%    15 min walk

Secondary

  • Glashan Public School2 min walk
  • Reality Check12 min walk
  • Richard Pfaff Secondary Alternate Program13 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 K2P

Owners / renters
19% / 81%
Median household income
$66,500
Average age
40
Children under 15
5%
Homes
2% detached, 71% high-rise
Commute by transit
15%
Population
18,825

Languages spoken most at home besides English: Mandarin 1.2%, Spanish 1%, Arabic 0.9%, Yue (Cantonese) 0.4%.

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: 2 km. Transit times · Driving times

Noise 1 source nearby

  • 🛣️ Highway 417150 m

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 EXP REALTY.

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

Similar homes nearby

See more in Ottawa Centre