4997 & 4991 Bank Street, Ottawa
An exceptional investment opportunity in the heart of South Ottawa on high-visibility Bank Street! This income-producing property offers an outstanding opportunity with multiple revenue streams, making it an ideal addition to any real estate portfolio. The property features a well-maintained five-unit apartment building (4-2 bedroom units, 1-1 bedroom unit), plus a versatile commercial/office space at the front of the building consisting of an large open room and convenient powder room-perfect for a retail shop, professional office, studio, or service-based business. In addition to rent, there is an on site coin operated laundry facility. Adding even more value is a separately rented garage currently occupied by a busy car lot, providing additional stable rental income. Included with the property is a vacant lot (presently used by car lot), presenting exciting future potential for expansion, redevelopment (subject to approvals), additional parking, or other value-added opportunities. With RC2 zoning this property is ideally situated on one of Ottawa's busiest commercial corridors, this property benefits from exceptional exposure, easy access to transit, and close proximity to shopping, restaurants, and numerous amenities, making it highly attractive to both residential and commercial tenants. The main building also features a newer roof (2018), offering added peace of mind for investors. Whether you're looking to expand your investment portfolio or secure a prime mixed-use property with strong income and future upside, this is a rare opportunity in a sought-after location. (id:1945)
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Property details for 4997 & 4991 Bank Street, Ottawa
- Type
- Multi-family
- Bathrooms
- 6
- Living Area
- 4,500 square feet
- Lot Size
- 4500
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- None
- Annual Taxes
- $13,056 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 4997 & 4991 Bank Street
Active Listings
1
Min Price
$6,500,000
Max Price
$6,500,000
Avg Price
$6,500,000
Days on Market
55
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Ottawa, Ontario
Population
597
Median Age
46.8
Median Income
$36,608
Dwelling Value
$280,037
Housing Tenure
Owners 60%
Renters 39%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 29.5/km²
Avg Shelter Cost: $1,063/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 15.6%
Tenants Spending 30%+: 35%
English only: 71.4%
English and French: 27.7%
Neither: 0.8%
Median Household Income: $67,328
Median Employment Income: $34,645
Price History
Listed
August 6, 2026
by ROYAL LEPAGE TEAM REALTY
Current Price
$6,500,000
-7.1% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $6,500,000 | $500,000 (-7.1%) |
| Sep 11, 2026 | $7,000,000 | Listed |
