727 CHURCHILL Avenue, Ottawa - Business for Sale
727 CHURCHILL Avenue, Ottawa, Ontario, K1Z5G7
Description
Turnkey Restaurant & Food Business Opportunity in Ottawa's Westboro Area! Excellent asset sale opportunity at 727 Churchill Ave N, ideal for an experienced operator, new restaurant concept, franchise or food business. The kitchen was renovated in 2021 and features a full-size commercial hood and walk-in refrigerator. The premises currently offer approx. 24 interior seats, patio seating and a liquor license, with 6 parking spaces associated with the building. Buyer to verify parking availability/rights, patio use and licensing requirements. The finished basement adds valuable operational space and is currently used for food preparation, with 2 coolers, a sink and additional prep space**. The front of the premises may be customized to suit a new brand or concept, subject to landlord and applicable approvals.**Kitchen equipment and furnishings are included in the asset sale**, providing an opportunity to take over existing restaurant infrastructure rather than starting with an unfinished commercial space. Competitive rent, with lease terms and occupancy costs to be verified by the Buyer. Located in the Westboro/Churchill area, surrounded by established residential and commercial uses, with additional development occurring and proposed in the broader area. Potential for various restaurant, takeout, catering, food service or franchise concepts, subject to lease, landlord consent, zoning, licensing and applicable approvals. BUILDING IS NOT FOR SALE - ASSET SALE ONLY. Buyer and Buyer's representative to conduct their own due diligence regarding lease/assignment, permitted use, approvals, licenses, parking/patio rights, equipment, utilities, occupancy costs and suitability for intended use. (id:66096)
Property Details
- MLS®
- X13705082
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- AM10
- Frontage
- 49 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Other
- Listed
- 74 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 74 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 (K1Z)
This home lists at $179,000, about 2.3× the local median household income of $77,000.
Carrying it typically needs a household income of about $34,965 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $77,000
- Population
- 22,714
- Median age
- 38.4
- Owner / renter
- 37% / 63%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA K1Z)
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$179,000
Ottawa