288 Bank Street, Ottawa Centre, ON K2P 1X1
Ottawa Centre, ON K2P 1X1
About this property
Rare opportunity to acquire a fully equipped turnkey restaurant in the heart of Centretown at the highly visible intersection of Bank Street and Somerset Street. This established location has operated continuously as a pizza restaurant for approximately 15 years and features approximately 1,500 sq. ft. of main floor restaurant space with seating for 30 guests, plus an additional 1,100 sq. ft. basement offering future expansion potential for private events, catering operations, storage, or additional revenue-generating uses. The premises have benefited from extensive capital investment and feature a fully equipped turnkey restaurant operation with modern kitchen infrastructure, refrigeration systems, food preparation stations, digital ordering technology and quality leasehold improvements throughout. The estimated replacement value of the equipment, improvements and build-out is significant, presenting an opportunity for a purchaser to acquire an established operation without the substantial capital expenditure, permitting delays and construction timelines typically associated with developing a comparable restaurant from scratch. The business also benefits from a highly favourable gross lease structure, providing predictable occupancy costs with property taxes, common area maintenance, snow removal, building insurance and other operating costs included in the rent, a significant advantage. Prime Bank Street exposure benefits from exceptional pedestrian and vehicle traffic in one of Ottawa's busiest commercial corridors. Ideal opportunity for an owner-operator seeking an established location with existing infrastructure and future growth potential.
Property facts & features
- Days on market
- Not reported
- Property type
- Sale Of Business
- MLS® number
- X13472632
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Neighbourhood
- Not provided
- Postal code
- K2P 1X1
- Kitchens
- Not reported
- Family room / den
- Not reported
- Interior size
- Not reported
- Building area (total)
- 1,500 sq ft
- Lot size
- Not reported
- Lot depth
- 75 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Owner
- Possession type
- Immediate
- Garage
- None
- Annual property tax
- 0
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 133 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Utilities & included services
- Reported utility services
- Not reported
- Water source
- Not reported
- Sewer
- Not reported
- Heating system
- Gas Forced Air Open
- Heating fuel
- Not reported
- Cooling
- Yes
- Included in rent
- Not reported
- Included in maintenance
- Not reported
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Property summary
288 Bank Street, Ottawa Centre, ON K2P 1X1, Ottawa Centre is listed as for sale — Sale Of Business. Asking price: $294,900. Reported occupancy: Owner. MLS® X13472632.
Summary of source-reported facts. Verify measurements and listing terms with the brokerage.
Rooms & virtual tours
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Listing dates & price record
- Asking amount
- $294,900
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Location & neighbourhood
- Region / county
- Ottawa
- Municipality
- Ottawa Centre
- MLS® community
- 4102 - Ottawa Centre
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Explore active properties in Ottawa Centre →Listing brokerage: RIGHT AT HOME REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13472632. Information deemed reliable but not guaranteed.