Power of Sale Listings

178 Nepean & 211-231 Bank Street, Ottawa, ON K2P 0B6

Ottawa, ON K2P 0B6 · Land

$14,500,000

For Sale
List Price
20,914 Sq Ft Listed on Site 3 months ago
Listing Highlights
Status
For Sale
Days on Site
96
Listed on Site
Apr 8, 2026
MLS® #
X12969088
Source
IDX (PropTx)
Last Updated
Jun 9, 2026
Occupancy
Partial
Possession
TBC
Listing Brokerage
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
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 Summary
Property Type
Commercial
Property Style
Land
Square Footage
20,914 sqft
Neighbourhood / Community
4102 - Ottawa Centre
County / Region
Ottawa
Land Size
243.0 x 0.0 FT (Irregular)
Annual Property Taxes
$192,481 (2025)
Zoning
Traditional Mainstreet Zone - TM [3004] S505
Utilities
Sewer
Sanitary+Storm
Land
Lot Size
243.0 x 0.0 FT
Depth
0.0 ft
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Location

Directions: Fully city block on Bank St between Nepean St and Lisgar St.

Listing Provided By

AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES

Data provided by: Ottawa Real Estate Board