Development opportunity at 2831 Bank Street! This approximately 10,430 sq. ft. corner lot offers excellent exposure along a major Ottawa corridor. With new N4B zoning, the property presents exciting redevelopment potential, while the corner configuration provides added street frontage and flexibility for future site planning. The existing house is currently rented, providing rental income while you develop your plans and pursue approvals. A great opportunity for builders, developers and investors. Buyers to verify permitted uses, development potential and servicing requirements with the City of Ottawa.
works out to roughly $1,286 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 2831 Bank St
Every detail from the listing, in one place.
Type
Land
Living space
700-1100 sq ftas stated on the listing
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
2831 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® X14118428$900,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2831 Bank St Compares to the Blossom Park - Airport and Area Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,421
/mo
based on the purchase price of $900,000
$180,000 cash
$720,000 financed
$606,429 total interest
Principal54%$720,000
Interest46%$606,429
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Bank Street? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 2831 Bank St with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 2831 Bank St day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Keep looking near 2831 Bank St
Market pulse · Blossom Park - Airport and Area
Median sold price$663,000Last 90 days
Average days on market36Homes sold in about 36 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings209Homes for sale here right now.
Median vs prior 90 days−0.1%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 259 sales from Jul 28 – Oct 26, 2026 (171 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
2831 Bank St is listed at $900,000 (MLS® X14118428). Summitly updates the price as soon as the MLS® record changes.
Is $900,000 a good price for 2831 Bank St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Blossom Park - Airport and Area. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 2831 Bank St changed?
No — 2831 Bank St is still listed at its original asking price of $900,000.
How many bedrooms and bathrooms does 2831 Bank St have?
2831 Bank St has about 700–1,100 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Blossom Park - Airport and Area.
Is 2831 Bank St close to transit?
The nearest rapid-transit station is South Keys Station (O-Train Line 2, O-Train Line 4), about 2.1 km in a straight line. Greenboro Station is about 2.6 km, and Uplands Station is about 2.8 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 2831 Bank St?
About $4,421 a month — principal and interest on $900,000 with 20% down ($180,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 2831 Bank St compare with other homes in Blossom Park - Airport and Area?
Its asking price of $900,000 is about 36% above the median sold price in Blossom Park - Airport and Area over the last 90 days, $663,000, across 259 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 2831 Bank St been sold before?
Summitly has no earlier MLS® sale or lease of 2831 Bank St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2831 Bank St?
2831 Bank St is in Blossom Park - Airport and Area, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2831 Bank St been on the market?
2831 Bank St was listed today (October 26, 2026).
What is the price per square foot of 2831 Bank St?
About $818 to $1,286 per square foot: the asking price of $900,000 over the 700–1,100 sq ft the listing gives as its size range.
What is the land transfer tax on 2831 Bank St?
About $14,475 in Ontario land transfer tax at the asking price of $900,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
