For Sale: 4997-4991 Bank Street, Ottawa, ON - REW
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$7,000,000
0 bd • 6 ba • 4500 sf • Multifamily
4997-4991 Bank Street
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$7,000,000
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4997 & 4991 Bank StreetOttawa, ON, K1X 1G8

Greely
  • 0 Bed
  • 6 Bath
  • 4500 Sqft
  • Multifamily

About this home

An exceptional investment opportunity in the heart of South Ottawa on high-visibility Bank Street! This income-producing property offers an outstanding opportunity with multiple revenue streams, making it an ideal addition to any real estate portfolio. The property features a well-maintained five-unit apartment building (4-2 bedroom units, 1-1 bedroom unit), plus a versatile commercial/office space at the front of the building consisting of an large open room and convenient powder room-perfect for a retail shop, professional office, studio, or service-based business. In addition to rent, there is an on site coin operated laundry facility. Adding even more value is a separately rented garage currently occupied by a busy car lot, providing additional stable rental income. Included with the property is a vacant lot (presently used by car lot), presenting exciting future potential for expansion, redevelopment (subject to approvals), additional parking, or other value-added opportunities. With RC2 zoning this property is ideally situated on one of Ottawa's busiest commercial corridors, this property benefits from exceptional exposure, easy access to transit, and close proximity to shopping, restaurants, and numerous amenities, making it highly attractive to both residential and commercial tenants. The main building also features a newer roof (2018), offering added peace of mind for investors. Whether you're looking to expand your investment portfolio or secure a prime mixed-use property with strong income and future upside, this is a rare opportunity in a sought-after location. (id:63626)
Listed by: Jennifer Petric, Salesperson, ROYAL LEPAGE TEAM REALTY

Home facts and features

Price details
List Price
$7,000,000
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Gross Taxes for 2025
$13,056
Home facts
Bedrooms
0
Full Bathrooms
6
Parking Spaces
30
Property Type
Multifamily
Lot Size
274 ft x 0 ft (4499.99 acres)
Depth
Frontage
274.8 feet
Heating Type
Baseboard heaters, Forced air, Natural gas
Community
Agent details
Primary Agent
Jennifer Petric
Primary Broker
ROYAL LEPAGE TEAM REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13647498
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

St Mary (Gloucester) Elementary School
  • Catholic
  • JK - 6
Greely Elementary School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Jennifer Petric
Phone:
(613) 889-5555
Office:
613-692-3567
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