For Sale - $15,900,000
2430 - 2440 Bank Street, Ottawa, Ontario
  • Hunt Club MewsExclusively Offered by Gentry Real Estate Services Limited
  • Combined Retail & Office ComplexApproximately 40,000 square feet of rentable area.
  • Corner of Hunt Club Rd & Bank StIn the heart of Ottawa’s sprawling south end community.
  • Access From Two EntrancesBank Street from the East & Hunt Club Road from the South.
  • 900 Pembroke Street EastHunt Club Mews, Ottawa, Ontario
A Welcoming Meeting Place1 300 Seat Conference Center 2 Guest Double Rooms 3 Single Rooms and Suites4 900 Pembroke Street East5
jquery image gallery by WOWSlider.com v8.1m


Exclusively Offered for Sale
by Gentry Real Estate Services Limited
Description IconProperty Description: Hunt Club Mews - Combined Retail/Office Complex
Gentry Real Estate Services Limited is offering for sale 2430 - 2440 Bank Street (Hunt Club Mews), a combined retail/office complex of approximately 40,000 square feet of rentable area with 165 parking stalls, situated on a fully developed 2.7 acre site.

Description of Improvements
This property is improved with three buildings totaling approximately 40,000 square feet of rentable area with 165 parking stalls.

2430 Bank Street is comprised of two buildings, one a single storey structure approximately 5,424 square feet on grade, and the other, approximately 17,035 square feet on grade with a second floor office component of 7,939 square feet. The second floor offices are accessed by an elevator and internal stairway. 2440 Bank Street is a single storey building of approximately 9,269 square feet divided into retail/restaurant/office areas. Total size of all buildings is estimated at 40,000 square feet including main and second floor lobbies.

Interior finish is generally similar throughout the subject, with grade level retail/office space featuring a combination of ceramic and vinyl tile flooring, drywall walls and drop acoustic tile ceilings. Grade level tenants have their own washroom facilities. Second floor office space is finished with broadloom, drywall walls, and drop acoustic tile ceilings. Second floor tenants have shared washroom facilities. None of the buildings possess a basement. Heat and air conditioning to the property are provided by gas fired, roof top mounted units. The improvements are all of similar construction and are finished as described in the construction details below.

Construction Details:
Foundation: Poured Concrete
Wall Framing: Steel with Metal Studs and Drywall
Exterior Wall Finish: Brick
Interior Wall Finish: Drywall
Flooring: Ceramic, Painted Concrete, and Vinyl Tile
Roof Structure: Flat Roof, Tar and Gravel
Windows: Typical Commercial Grade
Doors: Typical Commercial Grade
Plumbing: Copper and Plastic
Heating: Gas Fired Roof Top Units
Air Conditioning: Gas, Roof Top Units


Back to Top
Approximately 40,000 sq. ft.
of rentable area with 165 parking stalls.
Description IconProperty Specifications:
Property Address:
2430 Bank Street 2440

Legal Description:
CON 3 RF PT LOT 5 RP5R 9413
5R10151 PT 2 LESS RP5R-10710
PART 1 RP 5R10710PART 5 RP
PART 6 RP5R10151 PARTS 3 & 4

Property PIN:
040640073

Municipal Taxes (2017):
$ 206,431.82 (100% Recoverable)
NOI (2019):
$928,985

Cap Rate:
5.84

Lot Size:
Frontage of approximately 182.32 feet on the west side of Bank Street
Approximate frontage of 330.22 feet on the north side of Hunt Club Road
(2.7 Acres)

Zoning Designation:
MC[2288] S349-h

Lot Specifications:
According to information supplied by the City of Ottawa Tax Department, the property has an irregular frontage of approximately 182.32 feet on the west side of Bank Street, and an approximate frontage of 330.22 feet on the north side of Hunt Club Road. The total site area is estimated to be 2.70 acres and is irregular in shape.

Back to Top
Accessed by 2 entrances
off Bank Street & off Hunt Club Road
Description IconProperty Location: Situated in the heart of Ottawa’s sprawling south end community, the property is located at the north-west corner of the intersection of Bank Street and Hunt Club Road. The site can be accessed by two entrances: One is off Bank Street, on the eastern portion of the site; and the other is off Hunt Club Road, along the southern boundary of the property.

Based on Gentry Real Estate Services Limited analysis of short and long term demand for commercial/retail property in the South Ottawa Urban Core, this property constitutes an excellent investment opportunity.

Back to Top
Contact IconContact Us:
Contact Icon → To Make An Appointment to View this Property » Click Here.
Gentry Real Estate Services Limited

Fred (Frederick) Crouch FRI ACoM CRES
Broker of Record

Gentry Real Estate Services Limited
Brokerage

www.GentryRES.com

Tel:
613-230-6050

Fax:
613-230-4418

Email:
info@gentryres.com