8715 BANK STREET, Ottawa
$1,800,000
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X12701800
- Neighbourhood
- 1604 - Vernon
Excellent investment opportunity in Rural Ottawa. This rare -acre Village Mixed-Use (VM) zoned property offers 165 feet of prime Bank Street frontage with a highly desirable rectangular configuration, delivering outstanding visibility and access.The property consists of two separate buildings. The commercial building is fully leased with three established tenants (including a C-store with LCBO/BEER STORE operation) and offers potential for a fourth unit, providing strong and stable income. The detached 3-bedroom residential home is consistently tenanted and features a separate entrance to a finished basement, adding further income flexibility. An ideal acquisition for investors seeking reliable cash flow and potential for future development. NOI $100,000.00
Sold data
Other homes in Ottawa — recent sold market
Other homes in Ottawa took a median of 28 days to sell over the last 730 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 58, across 45 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.
The median sale price was $799,000.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 20% of sellers reduced their price before finding a buyer.
- Median days to sell
- 28
- Median sale price
- $799,000
- Sale-to-list ratio
- 97.5%
- Sold above asking
- 13%
Based on 45 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Ottawa
Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.
- Rated schools
- 217
- Elementary
- 174
- Secondary
- 43
- Average rating
- 6.2 / 10
Top-rated schools in Ottawa
- Hopewell Avenue — elementaryFraser rating 8.5/10
- Agincourt Road — elementaryFraser rating 8.4/10
- First Avenue — elementaryFraser rating 8.4/10
- Nepean — secondaryFraser rating 8.3/10
- Elmdale — elementaryFraser rating 8.2/10
- Jean-Robert Gauthier — elementaryFraser rating 8.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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