Glebe - Ottawa East and Area, ON · · MLS® X14147042Updated
$3,950,000
Type Retail
What you should know
1242 & 1250 Bank St is a retail in Glebe - Ottawa East and Area, listed for $3,950,000.
1This unique combination features a prominent, single-story 5,850 square foot retail building combined with a separate lot that provides a rare parking advantage where street parking is the norm.
2The separately titled lot represents an additional opportunity down the road for a mixed-use development featuring ground-floor commercial space and residential units above.
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Commercial Property in Glebe - Ottawa East and Area
About 1242 & 1250 Bank Street
An exceptional commercial package offering two individually titled properties for sale in the heart of Old Ottawa South. This unique combination features a prominent, single-story 5,850 square foot retail building combined with a separate lot that provides a rare parking advantage where street parking is the norm. Situated minutes from Lansdowne, Billings Bridge and the Glebe the property offers a buyer the opportunity to secure high-visibility frontage along a busy, key commercial corridor. This offering provides steady lease income in place until Q2 2028 allowing an owner-user time to plan for future possession. A buyer could operate their business utilizing the entire building, or choose to potentially subdivide the structure into two prime, revenue-generating retail units subject to meeting building code and City approvals. The separately titled lot represents an additional opportunity down the road for a mixed-use development featuring ground-floor commercial space and residential units above.
Glebe - Ottawa East and Area retail priced at $3,950,000 — book a tour to see if it fits your search.
Inside 1242 & 1250 Bank St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
1242 & 1250 Bank St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14147042$3,950,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1242 & 1250 Bank St Compares to the Glebe - Ottawa East and Area Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Glebe - Ottawa East and Area market, last 90 days
Median sold price
$1,099,000
Average sold price
$1,209,010
Average days on market
26
Homes sold
115
Closed sales on the TRREB MLS®.
Living in Glebe - Ottawa East and Area: Location & Amenities
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Glebe - Ottawa East and Area
Other 4-bed homes for sale in Glebe - Ottawa East and Area around $4.0M.
Average days on market26Homes sold in about 26 days on average.
Sale-to-list ratio99.4%On average, homes sold below asking.
Active listings102Homes for sale here right now.
Median vs prior 90 days+4.7%Compared with May 8 – Aug 6, 2026: prices up.
Based on 115 sales from Aug 6 – Nov 4, 2026 (91 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1242 & 1250 Bank St
How much is 1242 & 1250 Bank St listed for?
1242 & 1250 Bank St is listed at $3,950,000 (MLS® X14147042). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1242 & 1250 Bank St changed?
No — 1242 & 1250 Bank St is still listed at its original asking price of $3,950,000.
How many bedrooms and bathrooms does 1242 & 1250 Bank St have?
The listing for 1242 & 1250 Bank St doesn't publish its bedroom and bathroom count. It is a commercial property in Glebe - Ottawa East and Area.
How does 1242 & 1250 Bank St compare with other homes in Glebe - Ottawa East and Area?
Its asking price of $3,950,000 is about 259% above the median sold price in Glebe - Ottawa East and Area over the last 90 days, $1,099,000, across 115 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1242 & 1250 Bank St been sold before?
Summitly has no earlier MLS® sale or lease of 1242 & 1250 Bank St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1242 & 1250 Bank St?
1242 & 1250 Bank St is in Glebe - Ottawa East and Area, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1242 & 1250 Bank St been on the market?
1242 & 1250 Bank St was listed today (November 4, 2026).
What is the land transfer tax on 1242 & 1250 Bank St?
About $85,225 in Ontario land transfer tax at the asking price of $3,950,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1242 & 1250 Bank St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1242 & 1250 Bank St?
The listing for 1242 & 1250 Bank St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Glebe - Ottawa East and Area.
When was 1242 & 1250 Bank St built?
The listing for 1242 & 1250 Bank St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
