haho.ca
$2,899,900
For sale

59 Champagne Avenue South, Ottawa - Business for Sale

59 Champagne Avenue South, Ottawa, Ontario, K1S4P1

Listed 13 days ago
Overview

This business in Ottawa is for sale. It has been on the market 13 days, fresher than the Ottawa average of 62 days.

Description

A beloved Ottawa landmark. An exceptional opportunity to own a piece of the city's history.For generations, Di Rienzo's Grocery & Deli has been a cherished neighbourhood staple, known for its authentic Italian sandwiches, specialty groceries, and loyal customer following. More than just a business, Di Rienzo's has become part of Ottawa's culinary identity, attracting generations of customers who return for the quality, tradition, and familiar experience.Now, a rare opportunity presents itself to acquire both this established business and the real estate it calls home.Situated on a prominent corner lot in the heart of Little Italy, just steps from Preston Street, the property occupies approximately 4,499 sq. ft. of land with approximately 45.7 feet of frontage and 98.5 feet of depth. The property is currently improved with a mixed-use building featuring commercial space and residential accommodations, offering an attractive combination of business ownership and real estate investment.The sale presents a unique opportunity for an entrepreneur, investor, or established operator to carry forward the legacy of one of Ottawa's most recognizable independent food establishments while securing ownership of the underlying property. (id:66096)

Property Details

MLS®
X14107520
Property Type
Business
Business Type
Restaurant
Zoning
R4UD
Frontage
46 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$11,371/yr
Listed
13 days ago

Features

Appliances
Washer, Dryer

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
13d
Ottawa listings, avg age
62d
List price
$2.90M

Active: 13 days on market, against an average age of 62 days across the listings currently for sale in this city

Haho

This business in Ottawa has been listed for 13 days, which is 49 days fresher than the city average of 62. Act while there is still low competition.

Listed by ROYAL LEPAGE TEAM REALTY · Luigi Aiello

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K1S)

This home lists at $2,899,900, about 27.4× the local median household income of $106,000.

Carrying it typically needs a household income of about $566,452 (20% down, 25-yr amortization, stress-tested) — roughly 434% above 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)

$2,899,900
For sale

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Financing

Buying this business?

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$2,899,900

Ottawa

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