178 Nepean & 211-231 Bank Street
178 Nepean & 211-231 Bank Street
$14,500,000
$693/sq ft · 95 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $63,175 |
| Property Tax (MLS) | $16,040 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $79,215 |
Down payment: $2,900,000 (20.0%) · Mortgage: $11,600,000
Property tax uses MLS annual tax of $192,481/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
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Data last updated: August 23, 2026 at 10:25 a.m.