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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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245 Bay Street Ottawa
For SaleOttawa Centre

245 Bay Street Ottawa, Commercial Retail for Sale

MLS® X12501344

Ottawa, ON

369 days on market
$1,799,000
Show on Map
Show on Map
N/ABeds
N/ABaths
3,300Sqft
N/AParking
Commercial Retail

Overview· 245 Bay Street Ottawa

MLS® #X12501344

Exceptional Investment Opportunity! This prime corner property is located at the corner of Bay Street and Gloucester Street in downtown Ottawa. Benefiting from dual frontage and two separate addresses on both streets . It is surrounded by several 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 0ffices/bedrooms (suitable for use as offices, residentials, or other uses) and 2 bathrooms, along with 1 kitchen. The first floor is currently operating as a grocery store, but can easily be adapted for other uses. A total of 12 parking spaces are available, with 7 at the rear currently rented out for additional rental incomes. With ample parking, excellent transportation access, and versatile usage options, this is a turnkey investment-don't miss out on this rare opportunity! Owner can offer second mortgage choice to buyer.

Inclusions

Washer, dryer, stove, air conditions, regrigerators, and all funitures.

Broker

COLDWELL BANKER FIRST OTTAWA REALTY

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Walk Score®99Walker's ParadiseWalker's Paradise
Transit Score®91Rider's ParadiseRider's Paradise
Bike Score®99Biker's ParadiseBiker's Paradise
Schools8110 schools within 1.5 km · nearest 275 m10 schools within 1.5 km · nearest 275 m
Parks9210 parks within 1 km · nearest 127 m10 parks within 1 km · nearest 127 m
Convenience9667 groceries, cafes and pharmacies within 1 km · nearest 115 m67 groceries, cafes and pharmacies within 1 km · nearest 115 m
Safety—Crime data covers Toronto onlyCrime data covers Toronto only

Highlights & Amenities· 245 Bay Street Ottawa

Source: MLS® listing data
245 Bay Street Ottawa

Commercial Retail

245 Bay Street Ottawa

Ottawa Centre

Type

Commercial Retail

Parking

Outside/Surface

Property Tax

~$17,050/yr

Heating

Gas Hot Water

Buying Essentials

Square Feet

3300 sqft

Parking

Outside/Surface

Finances

List Price

$1,799,000

Price per SQFT

$545/sqft

Property Tax

~$17,050/yr

Property Specs

Property Type

Commercial Retail

MLS Size

3300 sqft

Living & Amenities

Heating Type

Gas Hot Water

Policies & Utilities

Neighbourhood

Ottawa Centre

Property Manager

Owner

Listed On

Nov 3, 2025

Price & Listing History

Days on Market

Current: 369 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Schools closest to 245 Bay Street Ottawa.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$7,236/mo
Property Tax$1,421/mo
Total Monthly$8,657

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0