777 Somerset Street West, Ottawa - Business for Sale
777 Somerset Street West, Ottawa, Ontario, K1R6R3
This business in Ottawa is for sale. It has been on the market 45 days, fresher than the Ottawa average of 62 days.
Description
LOCATION! LOCATION! LOCATION! Rare opportunity to own a grocery business in one of Ottawa's most recognized commercial corridors. Situated in the heart of Chinatown at 777 Somerset Street West, this established grocery store enjoys exceptional exposure, steady customer traffic, and strong community presence. The business offers significant growth potential through expanded product offerings, online ordering, delivery services, and extended operating hours.Turnkey operation with established supplier relationships and a recognizable local presence. Ideal for owner-operators, family-run businesses, or investors seeking an affordable entry into Ottawa's retail food market. Training can be provided to ensure a smooth transition. Business and inventory for sale. (id:66096)
Property Details
- MLS®
- X13814172
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- Commercial
- Bathrooms
- 1
- Parking
- 2
- Frontage
- 101 ft
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $44,250/yr
- Listed
- 45 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 45 days on market, against an average age of 62 days across the listings currently for sale in this city
This business in Ottawa has been listed for 45 days, which is 17 days fresher than the city average of 62. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K1R)
This home lists at $29,900, about 0.4× the local median household income of $74,000.
Carrying it typically needs a household income of about $5,841 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $74,000
- Population
- 20,343
- Median age
- 36
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.7
Source: Statistics Canada, 2021 Census (FSA K1R)
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$29,900
Ottawa