327 Somerset Street West, Ottawa - Business for Sale
327 Somerset Street West, Ottawa, Ontario, K2P0J8
This business in Ottawa is for sale offering roughly 2,899 sq ft of space.
Description
Luxurious restaurant / wine bar in a central location right in the heart of Somerset Village. Business asset sale only, not including trade name and not including property. Remarkably nice and fully fixtured restaurant in a heritage building offering a turnkey opportunity to start a new concept. High traffic urban location surrounded by many successful local businesses in the immediate block including Prohibition, Arlo, Trofi, Union 613 and more. The space underwent extensive renovations creating a stunning and charming atmosphere. Features include a large bar seating area, private dining room, kitchen exhaust hood in an open-style kitchen, wine display cabinet, wine cellar in basement, washrooms and storage in basement. Small patio opportunity also available at the front. (id:66096)
Property Details
- MLS®
- X13684362
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- H1[2185] H(18) - Hub Zone 1
- Interior Size
- 2,899 ft²
- Lot Size
- 35 × 112 ft (3,906 sq ft)
- Frontage
- 34 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $45,600/yr
- Listed
- 79 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 79 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 (K2P)
This home lists at $200,000, about 3.0× the local median household income of $66,500.
Carrying it typically needs a household income of about $39,067 (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)
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 →
$200,000
Ottawa