For Sale

6637 BANK Street, Ottawa, Ontario K0A2P0

$1,500,000

6637 BANK Street, Ottawa, Ontario K0A2P0 is For Sale and has a listing price of 1,500,000. The property is located in the Metcalfe neighbourhood. It's been on the website for 121 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • 20
    Parking Spaces
  • MLS ID: X9518366
  • Office Name ROYAL LEPAGE TEAM REALTY
Property Description

This commercial property offers 5.73 acres of Rural Commercial (RC) zoned land, suitable for various industrial and commercial uses, with 167 feet of frontage on Bank Street. Formerly a motel, it includes +/- 20 parking spots. Currently houses 10 residential units (1 x 3-bedroom house and 9 bachelor apartments). Ideal for adding more units, increasing rental income, operating a business, or utilizing the building and land for storage. Updates include a new water system (2011), roof (2009), newer windows (2018), and two septic tanks (2007 & 2021). One hydro meter services the entire property. Ideal for development with proximity to Highway 417 and major transport routes. 20-minute drive to Highway 417. Rent rolls and expense statements are available on request. Vendor open to offering a limited vendor take-back (VTB) mortgage option. Buyer to conduct their own due diligence. Don’t miss this rare opportunity in a booming rural setting with huge commercial potential! (id:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: X9518366
  • Price: $1,500,000
  • Transaction Types: For Sale
  • Ref ID: 27395245
  • Year Built: N/A
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
09/10/2024 1411087 $1,500,000 For Sale - -
09/10/2024 X9518366 $1,500,000 For Sale - -
02/07/2024 1375847 $1,600,000 For Sale - -
08/02/2023 1354658 $1,750,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Metcalfe
  • $945,680 Average List Price
    based on 1 year
  • 9 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 4.86 % Up
  • Sold (12mo) 7
  • Rented (12mo) 0

  • 1 Month Change +16.1%
  • 3 Month Change -5.0%
  • 6 Month Change +3.3%
Walkscore
  • - Walk Score
    Car-Dependent
  • - Transit Score
    No Nearby Transit
  • 29 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    57.03%
  • Commercial
    33.16%
  • Land for Sale
    9.81%
Additional Details
  • Sewers Septic System
  • Water Drilled Well
  • Total Parking Spaces: 20
  • Property Features Irregular Lot Size
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 10/09/2024 00:00:00
  • Zoning Cd-26
  • Agent Name: CHARLES KHOURI
  • Last Updated: 19/12/2024 13:40:38
Open House Dates
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