511 Bank St is an investment in Ottawa, listed for $1,269,000.
1The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement.
2The second level features a two-bedroom apartment with a kitchen and three-piece washroom.
3Please do not approach restaurant owner or the employees re- this sale.
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Commercial Property in Ottawa
About 511 Bank Street
Commercial mixed-use investment property with $150,549 gross rental income and $112,904 NOI, offered at an attractive 8.9cap rate! This property is located in a central and established urban area, surrounded by numerous retail services and commercial activities. Just north of Catherine Street and the Queensway, it is minutes from the downtown core and conveniently located near major employment, recreation and shopping, Parliament Hill, the Rideau Canal, ByWard Market, and active infill development. The main level features a fully fitted restaurant with a dining area of approximately 40 seats, service counter, food preparation area, public washrooms, and access to a full basement. The second level features a two-bedroom apartment with a kitchen and three-piece washroom. Please do not approach restaurant owner or the employees re- this sale.
Ottawa investment priced at $1,269,000 — book a tour to see if it fits your search.
Inside 511 Bank St
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Investment
511 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® X13764372$1,269,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 511 Bank St Compares to the Ottawa 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.
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 Ottawa
Other 5–8 bed homes for sale in Ottawa around $1.3M.
Average days on market42Homes sold in about 42 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings233Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 10 – Aug 8, 2026: prices down.
Based on 128 sales from Aug 8 – Nov 6, 2026 (116 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
511 Bank St is listed at $1,269,000 (MLS® X13764372). Summitly updates the price as soon as the MLS® record changes.
Has the price of 511 Bank St changed?
No — 511 Bank St is still listed at its original asking price of $1,269,000.
How many bedrooms and bathrooms does 511 Bank St have?
The listing for 511 Bank St doesn't publish its bedroom and bathroom count. It is a commercial property in Ottawa.
Is 511 Bank St close to transit?
The nearest rapid-transit station is Parliament Station (O-Train Line 1), about 1.4 km (about a 17-minute walk) in a straight line. Lyon Station is about 1.4 km (about a 17-minute walk), and UOttawa Station is about 1.4 km (about a 17-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 511 Bank St compare with other homes in Ottawa?
Its asking price of $1,269,000 is about 191% above the median sold price in Ottawa over the last 90 days, $436,000, across 128 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 511 Bank St been sold before?
Summitly has no earlier MLS® sale or lease of 511 Bank St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 511 Bank St?
511 Bank St is in Ottawa, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 511 Bank St been on the market?
57 days — 511 Bank St was listed on September 10, 2026.
What is the land transfer tax on 511 Bank St?
About $21,855 in Ontario land transfer tax at the asking price of $1,269,000. 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 511 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 511 Bank St?
The listing for 511 Bank St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Ottawa.
When was 511 Bank St built?
The listing for 511 Bank St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
