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⚠️ Power of Sale Property — Sold as-is. Conduct thorough due diligence before making an offer.

178 Nepean & 211-231 Bank Street Ottawa Centre ON

📍 Ottawa Centre, Ontario K2P 0B6

$14,500,000

⚠ Power of SaleActive

📋 Listing Highlights

StatusActive
MLS®X12969088
ListedApr 8, 2026
Days on Market—
Property TypeCommercial
StyleLand
Cross StreetOn Bank St between Nepean St and Lisgar St.
PossessionTBC

📝 Listing Description

Property being sold on an "as-is, where-is" basis under power of sale provisions. 178 Nepean Street and 211-231 Bank Street benefit from plans prepared for a proposed 9-storey mixed-use development with 263 residential units and approximately 101,509 square feet of gross floor area. Purchasers are encouraged to undertake their own due diligence regarding development potential and approvals. The property offers a redevelopment opportunity in the heart of downtown Ottawa. The site is surrounded by a wide range of amenities, restaurants, retailers, and services along Bank Street, and benefits from excellent access to the central business district, the University of Ottawa, Carleton University, and major transit routes.

🏠 Property Details

Property TypeCommercial
StyleLand

📐 Lot & Land

Lot Width242.98 ft
Lot Size20914 sqft
Cross StreetOn Bank St between Nepean St and Lisgar St.

💰 Financial

List Price$14,500,000
Annual Taxes$192,481 (2025)
PossessionTBC

🧮 Mortgage Calculator

$2,900,000
Est. Monthly Payment
$71,234/mo
Principal: $11,600,000 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICESData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X12969088 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.