Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13647498

4997 & 4991 Bank Street, Leitrim, ON K1X 1G8

Leitrim, ON K1X 1G8

$6,500,000 Est. $27,607/mo · 20% down, 25-yr, 4.09% ↓ $500,000 (-7.1%)
6Baths
275 × 288 ftLot
InvestmentType

About this property

An exceptional investment opportunity in the heart of South Ottawa on high-visibility Bank Street! This income-producing property offers an outstanding opportunity with multiple revenue streams, making it an ideal addition to any real estate portfolio. The property features a well-maintained five-unit apartment building (4-2 bedroom units, 1-1 bedroom unit), plus a versatile commercial/office space at the front of the building consisting of an large open room and convenient powder room-perfect for a retail shop, professional office, studio, or service-based business. In addition to rent, there is an on site coin operated laundry facility. Adding even more value is a separately rented garage currently occupied by a busy car lot, providing additional stable rental income. Included with the property is a vacant lot (presently used by car lot), presenting exciting future potential for expansion, redevelopment (subject to approvals), additional parking, or other value-added opportunities. With RC2 zoning this property is ideally situated on one of Ottawa's busiest commercial corridors, this property benefits from exceptional exposure, easy access to transit, and close proximity to shopping, restaurants, and numerous amenities, making it highly attractive to both residential and commercial tenants. The main building also features a newer roof (2018), offering added peace of mind for investors. Whether you're looking to expand your investment portfolio or secure a prime mixed-use property with strong income and future upside, this is a rare opportunity in a sought-after location.

Property Summary

Property TypeInvestment
Community Name2501 - Leitrim
Land Size274.7 x 287.54 ft
Annual Property Taxes$13,056.00
Tax Year2026
Parking TypeDouble Detached Garage

Building details

Bathrooms / washrooms6
Property typeInvestment

Lot & land

Lot dimensions275 × 288 ft
Lot frontage275 ft
Lot depth288 ft

Interior Features

InclusionsAppliances in each residential units
ExclusionsTenants belongings

Building Features

StyleInvestment

Heating & Cooling

CoolingNo
Heating TypeBaseboard

Parking

Parking TypeDouble Detached Garage

Taxes & fees

Annual taxes$13,056 (2026)

Listing history

On market sinceAug 6, 2026
Original list price$7,000,000
Listed by ROYAL LEPAGE TEAM REALTY, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
Run your own mortgage numbers Open the full calculator — adjust down payment, term, and rate. Email yourself the estimate.
Open calculator →
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
4997 & 4991 Bank Street, Leitrim, ON K1X 1G8