1196 Bank Street, Ottawa - Business for Sale
1196 Bank Street, Ottawa, Ontario, K1S3Y1
This business in Ottawa is for sale. It has been on the market 7 days, fresher than the Ottawa average of 62 days.
Description
Priced to sell at $36,900! Established take-out restaurant for sale on busy Bank Street in the Glebe, one of Ottawa's most walkable, high-traffic neighbourhoods. Currently operating as a halal smash burger concept, but the space and equipment suit many other food businesses: café, bubble tea, shawarma, sandwich or wrap shop, dessert bar, pizza, breakfast spot, ghost kitchen and more. Sale includes the business, goodwill and a full commercial kitchen equipment package: freezers, refrigerators, sandwich prep fridge, two Eurodib flat-top grills, induction cooker, Vent-A-Hood exhaust fans, commercial ice machine, prep tables, triple sink, grease trap, cup sealing machine, TV menu screens, coffee machines, mixers and more. Lease in place until June 2029 with basement storage room included; assignment and any change of concept subject to landlord approval. Skip the cost of a new build-out and launch your own concept on one of Ottawa's best-known commercial streets. Inventory not included. Business sale only; real property not included. (id:66096)
Property Details
- MLS®
- X14124674
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- TM2 H(15)
- Lot Size
- 10 × 78 ft (779 sq ft)
- Frontage
- 10 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 7 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 7 days on market, against an average age of 62 days across the listings currently for sale in this city
This business in Ottawa has been listed for 7 days, which is 55 days fresher than the city average of 62. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K1S)
This home lists at $36,900, about 0.3× the local median household income of $106,000.
Carrying it typically needs a household income of about $7,208 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $106,000
- Population
- 31,257
- Median age
- 39.2
- Owner / renter
- 51% / 49%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA K1S)
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$36,900
Ottawa