#G1 1390 Prince of Wales Drive, Ottawa - Business for Sale
#G1 1390 Prince of Wales Drive, Ottawa, Ontario, K2C3N2
Description
[Thai Coconut] Prime opportunity to acquire a well-established Thai restaurant with over 20 years of history in a highly visible and convenient location on Prince of Wales Drive. This turnkey business has built a loyal and established customer base over the years and is primarily focused on takeout, offering an established business model with consistent customer demand.The sale includes the existing kitchen equipment, dining tables and chairs, allowing the new owner to take over the operation with minimal additional setup. The current owner is also willing to provide training and transition support to help ensure a smooth handover and seamless continuation of the business after closing.The business benefits from approximately 5 years remaining on the current lease, with all-inclusive rent covering water, electricity and property taxes. The owner is responsible for gas, which typically ranges from approximately $200-$300 per month depending on the season.The lease includes two underground parking spaces, with additional underground parking available at only $50 per space per month. The building is professionally managed, with responsive property management that addresses maintenance and building-related matters efficiently. The landlord is also very cooperative, providing a supportive environment for the continued operation of the business. (id:66096)
Property Details
- MLS®
- X13689862
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- COMMERCIAL
- Heating
- Other
- Cooling
- Fully air conditioned
- Garage
- Underground
- Listed
- 79 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 79 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 (K2C)
This home lists at $126,000, about 1.5× the local median household income of $86,000.
Carrying it typically needs a household income of about $24,612 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $86,000
- Population
- 29,359
- Median age
- 38
- Owner / renter
- 55% / 45%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA K2C)
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$126,000
Ottawa