Bank of Montreal | 1556 Bank St
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Bank of Montreal 1556 Bank St
4,835 SF Retail Building Ottawa, ON K1H 7Z4 £2,435,996 (£504/SF)
Executive Summary
Colliers International is pleased to offer for sale a single tenant bank building located at 1556 Bank Street in Ottawa, Ontario (the “Property”). The Property is fully leased to Bank of Montreal, large publicly traded Canadian bank with a market cap of over $82 Billion. The Property is very well situated in South Ottawa along Bank Street, a major thoroughfare in the Nation’s Capital, and enjoys close proximity to major highways, local transit, and the Ottawa International Airport. Located within the boundaries of the Bank Street South secondary plan, where the area has begun a shift to more urban mixed use development. The Property is well positioned for strong redevelopment growth in the near future. Investors and developers have the opportunity to purchase an asset with secure cash-flow, an investment grade tenant, and future higher and better use upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,835 SF
Building Class
B
Year Built
1983
Price
£2,435,996
Price Per SF
£504
Tenancy
Single
Number of Floors
1
Slab to Slab
13 ft
Building FAR
0.19
Lot Size
0.60 AC
Parking
28 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Signalised Intersection
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
1 of 6
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Bank of Montreal | 1556 Bank St
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