502 Bank Street, Ottawa Centre, ON K2P 1Z4
4103 - Ottawa Centre, Ottawa Centre · Near Bank and Catherine · View map
About this home
Exceptional opportunity to acquire a well-established income property. Located on the vibrant corner of Bank Street and Arlington Ave, this offering includes 502-510 Bank Street and 5 Arlington Avenue, comprising 9 income-generating units: 5 commercial storefronts and 4 residential apartments. The commercial component features a diverse mix of established businesses, including restaurants, retail and a coffee shop, while the residential units consist of two one-bedroom and two bachelor apartments. Ideally situated in a high-visibility, pedestrian-friendly location surrounded by thriving businesses and established residential neighbourhoods. The property has benefited from numerous capital improvements over the years, including roof replacements, resurfaced parking areas and updated mechanical systems. An attractive turnkey investment offering diversified revenue streams in one of Ottawa's most sought-after urban commercial corridors.
The home
- Type
- Store w apt / office
- Square footage
- 10010 sq ft
- Lot size
- 65.7 x 99.2 ft
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Air conditioning
- Partial
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $51,142/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- subject to tenancies
- Cross street
- Bank and Catherine
- Neighbourhood
- 4103 - Ottawa Centre
More
- MLS® number
- X14160010
No matching details. Ask Will instead
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.
502 Bank Street, Ottawa Centre, ON K2P 1Z4
4103 - Ottawa Centre, Ottawa Centre · Near Bank and Catherine
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 502 Bank Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 502 Bank Street
Answers come straight from this home’s MLS® listing.
How much is 502 Bank Street listed for, and what would it cost each month?
502 Bank Street is listed for $3,750,000. With 20% down ($750,000), the mortgage payment would be roughly $15,126 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $19,388 a month, all in. That figure is an illustration, not a quote.
Is 502 Bank Street freehold or a condo, and is there a monthly fee?
502 Bank Street is a store w apt / office in 4103 - 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 502 Bank Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 502 Bank Street?
502 Bank Street is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 502 Bank Street, and what is the lot size?
The lot is listed as 65.7 x 99.2 ft.
How is 502 Bank Street heated and cooled?
Cooling is partial.
What are the property taxes for 502 Bank Street?
Property taxes are $51,142 a year (2026), or about $4,262 a month.
Where is 502 Bank Street?
502 Bank Street is in the 4103 - Ottawa Centre community of Ottawa Centre. The nearest main intersection is Bank and Catherine. The postal code is K2P 1Z4.
Is 502 Bank Street still for sale?
Yes. It is an active listing (MLS® X14160010). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 502 Bank Street asking?
Similar properties for sale nearby right now include 226 Argyle Avenue at $2,950,000 and 112 Queen Elizabeth Drive at $3,200,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 502 Bank 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 502 Bank 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 4103 - Ottawa Centre, picked by style, size and price.
Courtesy of: SUTTON GROUP - 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.