1499 Merivale Road, Ottawa - Business for Sale
1499 Merivale Road, Ottawa, Ontario, K2E5P3
Description
Ng's Cuisine has been a fixture in Ottawa for over 22 years and can now be yours! An amazing restaurant opportunity!The premises feature a large and functional layout, 2,300 sq. ft with a bright, open licensed dining space with seating for 110patrons, served by a fully-equipped, spacious commercial kitchen designed for high-volume service. Another 900 sq. ft.is available in the lower level for private dining service. Ample storage is available, along a prep kitchen, 2 walk-in freezers, 1 walk-in cooler, live seafood tanks in the basement. This listing price includes all existing fixtures, equipment, goodwill,transfer of liquor licence, leasehold improvement, and remaining inventory on closing to ensure a truly turn-keyoperation from day one. Situated in a prime location with heavy vehicular traffic, close to other retailers, groceries andresidential hubs. 25 parking spaces available. Full details, inventory list, and lease terms available to qualified buyers. (id:66096)
Property Details
- MLS®
- X13469996
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- AM10
- Parking
- 25
- Lot Size
- 187 × 84 ft (15,681 sq ft)
- Frontage
- 187 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 138 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 138 days on market, against an average age of 63 days across the listings currently for sale in this city
This business in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K2E)
This home lists at $420,000, about 4.7× the local median household income of $89,000.
Carrying it typically needs a household income of about $82,041 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $89,000
- Population
- 20,172
- Median age
- 40
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K2E)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$420,000
Ottawa