858 MERIVALE Road, Ottawa - Business for Sale
858 MERIVALE Road, Ottawa, Ontario, K1Z5Z4
Description
Exceptional opportunity to acquire a large, well-established (over 30 years!) bar and restaurant in a high-traffic, highly visible location on Merivale Road. This spacious venue features a full-service bar, ample dining and seating areas, and a versatile layout ideal for dine-in service, nightlife, private events, and live entertainment. Situated in a vibrant commercial corridor surrounded by retail, offices, and dense residential neighbourhoods, the location benefits from strong daily traffic and excellent exposure. This large space is approx. 4000 sqft $10600/month including HST! Well equipped with commercial kitchen facilities and bar infrastructure, offering tremendous potential for experienced operators or new concepts. Plenty of on-site and nearby parking with easy access to major routes and public transit. Several parties per months for different groups like Salsa Dance, Boxing groups and more! A rare chance to own a sizable hospitality business in one of Ottawa's busiest and most established commercial districts. All existing chattels and equipment included. (id:66096)
Property Details
- MLS®
- X13750094
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- TM
- Frontage
- 184 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 60 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 60 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 60 days, which is 2 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 (K1Z)
This home lists at $349,000, about 4.5× the local median household income of $77,000.
Carrying it typically needs a household income of about $68,172 (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)
Book a showing
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$349,000
Ottawa