The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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.
Demographic data is not available for this area yet.
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Median household income—
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Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$25,404/mo
Mortgage (principal + interest)$24,316
Property taxFrom listing: $13,056/yr$1,088
Minimum 20% ($1,300,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$1,300,000
Ontario land transfer taxProvincial brackets, no first-time refund$148,975
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$1,451,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Leitrim has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
