511 Bank Street, Ottawa Centre, ON K2P 1Z5
4103 - Ottawa Centre, Ottawa Centre · Near Bank x St Catherine · View map
About this home
Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.
The home
- Type
- Investment
- Square footage
- 2131 sq ft
- Lot size
- 32 x 94.8 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
- Air conditioning
- Partial
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $29,436/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Bank x St Catherine
- Neighbourhood
- 4103 - Ottawa Centre
More
- MLS® number
- X13764372
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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.
511 Bank Street, Ottawa Centre, ON K2P 1Z5
4103 - Ottawa Centre, Ottawa Centre · Near Bank x St Catherine
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Listing history for 511 Bank 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 511 Bank Street
Answers come straight from this home’s MLS® listing.
How much is 511 Bank Street listed for, and what would it cost each month?
511 Bank Street is listed for $1,269,000. With 20% down ($253,800), the mortgage payment would be roughly $5,119 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,572 a month, all in. That figure is an illustration, not a quote.
Is 511 Bank Street freehold or a condo, and is there a monthly fee?
511 Bank Street is a investment 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 511 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 511 Bank Street?
511 Bank Street is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 511 Bank Street, and what is the lot size?
The lot is listed as 32 x 94.8 ft.
How is 511 Bank Street heated and cooled?
Heating is baseboard. Cooling is partial.
What are the property taxes for 511 Bank Street?
Property taxes are $29,436 a year (2026), or about $2,453 a month.
Where is 511 Bank Street?
511 Bank Street is in the 4103 - Ottawa Centre community of Ottawa Centre. The nearest main intersection is Bank x St Catherine. The postal code is K2P 1Z5.
Is 511 Bank Street still for sale?
Yes. It is an active listing (MLS® X13764372). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 511 Bank Street asking?
Similar properties for sale nearby right now include 514 Lyon Street N at $1,375,000, 548 Maclaren Street at $1,525,000 and 567 Gladstone Avenue at $999,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 511 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 511 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.
Investment$1,375,000514 Lyon Street N, Ottawa Centre4103 - Ottawa CentreCourtesy of: EXP REALTYView home →
Investment$1,525,000548 Maclaren Street, Ottawa Centre4103 - Ottawa CentreCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Commercial retail$999,900567 Gladstone Avenue, Ottawa Centre3 bath · 4103 - Ottawa CentreCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →Courtesy of: EXP 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.