290 Bank Street, Ottawa - Business for Sale
290 Bank Street, Ottawa, Ontario, K2P1X6
This business in Ottawa is for sale offering roughly 1,750 sq ft of space.
Description
Iconic Centre Town location available as an asset sale with lease assumption, situated at the high-visibility corner of Bank Street and Somerset Street West. This turn-key, beautifully finished space offers a contemporary interior ideal for a quick-service retail business.The 1,750 sq. ft. unit is positioned directly on the northwest corner of the intersection and features high ceilings, two bathrooms, a kitchen prep area, a service counter, and ample bench and chair seating. This is a rare opportunity to secure lease rights to a prime retail corner and elevate your business in one of Ottawa's most vibrant urban districts.Enjoy exceptional exposure with high pedestrian and vehicular traffic in the heart of the city. The existing lease runs until June 2028, providing strong long-term stability for the new operator.The lease is triple net (NNN) with a current base rent of $5,700 per month, the additional rent is $2,354 for building operating costs, HST, insurance, etc. (id:66096)
Property Details
- MLS®
- X13084316
- Property Type
- Business
- Zoning
- TM[440]H(19)
- Interior Size
- 1,750 ft²
- Frontage
- 38 ft
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Listed
- 184 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 184 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 (K2P)
This home lists at $20,000, about 0.3× the local median household income of $66,500.
Carrying it typically needs a household income of about $3,907 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $66,500
- Population
- 18,825
- Median age
- 34.4
- Owner / renter
- 19% / 81%
- Avg. household size
- 1.5
Source: Statistics Canada, 2021 Census (FSA K2P)
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$20,000
Ottawa