121 Preston Street East, Ottawa - Business for Sale
121 Preston Street East, Ottawa, Ontario, K1R7P3
This business in Ottawa is for sale offering roughly 1,907 sq ft of space.
Description
Exceptional Opportunity to Own a Popular Thai Restaurant in Ottawa's Little Italy. Take advantage of this rare opportunity to own Charm Thai Cuisine, a well-established and highly regarded restaurant in the heart of Ottawa's vibrant Little Italy, just minutes from Chinatown and surrounded by some of the city's most popular dining destinations. This prime location benefits from consistent customer traffic, free parking, and additional evening and weekend parking, making it convenient for both dine-in and takeout guests. During the annual Italian Festival, the restaurant has the opportunity to operate a popular outdoor food stall along the street, providing excellent seasonal exposure and increased revenue potential. The restaurant features a fully equipped commercial kitchen and a welcoming dining room, allowing a new owner to begin operations immediately. Charm Thai Cuisine has earned outstanding Google reviews and has been featured in the Ottawa Citizen and on CTV, reflecting its strong reputation and loyal customer base. Whether you're an experienced restaurateur or an entrepreneur looking to enter Ottawa's thriving food scene, this turnkey business offers outstanding value and growth potential. Serious inquiries please (id:66096)
Property Details
- MLS®
- X13502962
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 2
- Parking
- 2
- Interior Size
- 1,907 ft²
- Frontage
- 33 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $13,200/yr
- Listed
- 129 days ago
Features
- Appliances
- Furniture
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 129 days on market, against an average age of 62 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K1R)
This home lists at $65,000, about 0.9× the local median household income of $74,000.
Carrying it typically needs a household income of about $12,697 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $74,000
- Population
- 20,343
- Median age
- 36
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.7
Source: Statistics Canada, 2021 Census (FSA K1R)
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$65,000
Ottawa