245 Bay Street, Ottawa Centre, ON K1R 5Z4
4102 - Ottawa Centre, Ottawa Centre · Near Cross in Bay street and Gloucester Street · View map
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.
The home
- Type
- Commercial retail
- Square footage
- 3300 sq ft
- Lot size
- 66 x 50 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Hot Water
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Driveway spaces
- 12
- Total parking
- 12
Taxes & other
- Property taxes
- $17,050/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- Flexible
- Cross street
- Cross in Bay street and Gloucester Street
- Neighbourhood
- 4102 - Ottawa Centre
More
- MLS® number
- X14020456
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
245 Bay Street, Ottawa Centre, ON K1R 5Z4
4102 - Ottawa Centre, Ottawa Centre · Near Cross in Bay street and Gloucester Street
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Listing history for 245 Bay Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 245 Bay Street
Answers come straight from this home’s MLS® listing.
How much is 245 Bay Street listed for, and what would it cost each month?
245 Bay Street is listed for $1,777,866. With 20% down ($355,573), the mortgage payment would be roughly $7,171 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,592 a month, all in. That figure is an illustration, not a quote.
Is 245 Bay Street freehold or a condo, and is there a monthly fee?
245 Bay Street is a commercial retail in 4102 - Ottawa Centre, Ottawa Centre. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 245 Bay Street have a garage and parking?
Yes. The listing shows the garage as outside/surface. The driveway adds 12 spaces. In total the listing counts 12 parking spaces.
What style of home is 245 Bay Street?
245 Bay Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 245 Bay Street, and what is the lot size?
The lot is listed as 66 x 50 ft.
How is 245 Bay Street heated and cooled?
Heating is gas hot water. Cooling is yes.
What are the property taxes for 245 Bay Street?
Property taxes are $17,050 a year (2025), or about $1,421 a month.
Where is 245 Bay Street?
245 Bay Street is in the 4102 - Ottawa Centre community of Ottawa Centre. The nearest main intersection is Cross in Bay street and Gloucester Street. The postal code is K1R 5Z4.
Is 245 Bay Street still for sale?
Yes. It is an active listing (MLS® X14020456). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 245 Bay Street asking?
Similar properties for sale nearby right now include 698 Cooper Street at $1,425,000, 486-488 Lisgar Street at $1,350,000 (8 bed) and 475 MacLaren Street at $1,696,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 245 Bay Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 245 Bay Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4102 - Ottawa Centre, picked by style, size and price.
Commercial retail$1,425,000698 Cooper Street, Ottawa Centre4102 - Ottawa CentreCourtesy of: COLDWELL BANKER COBURN REALTYView home →
Investment$1,350,000486-488 Lisgar Street, Ottawa Centre8 bed · 4 bath · 4102 - Ottawa CentreCourtesy of: ROYAL LEPAGE PERFORMANCE REALTYView home →
Investment$1,696,000475 MacLaren Street, Ottawa Centre4103 - Ottawa CentreCourtesy of: LPT REALTYView home →Courtesy of: COLDWELL BANKER FIRST OTTAWA REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.