haho.ca
$179,000
For sale

727 CHURCHILL Avenue, Ottawa - Business for Sale

727 CHURCHILL Avenue, Ottawa, Ontario, K1Z5G7

Listed 74 days ago
Overview

This business in Ottawa is for sale.

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

Days on market
74d
Ottawa listings, avg age
62d
List price
$179K

Long Listed: 74 days on market, against an average age of 62 days across the listings currently for sale in this city

Haho

This business in Ottawa is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by RIGHT AT HOME REALTY · Ramandeep Kapoor

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

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)

$179,000
For sale

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Financing

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$179,000

Ottawa

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