$294,900
( $196.60Per Sq Foot )
 $1,583 est/mo Sourced by Back At You

288 Bank Street,Ottawa Centre, ON K2P 1X1

Ottawa Centre, ON K2P 1X1

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Description

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.

Details

MLS #X13472632
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site143
Listing Provided ByRIGHT AT HOME REALTY | X13472632 501700

Features

SQ Feet1,500
Acreage0.03

Interior

CoolingYes

Exterior

Security FeaturesYes

Taxes

Tax Annual Amount0
Tax TypeN/A
Tax Year2026

Area Information

ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK2P 1X1
Area4102 Ottawa Centre
Listing VS Median (in K2P 1X1)
Price:
$294,900
low | high
Med:
$294,900
50% of Average
sqft:
1,500
low | high
Med:
1,500
50% of Average
$ / sqft:
$197
low | high
Med:
$197
50% of Average
On site:
143
low | high
Med:
143
100% of Average
Sourced by Back At You

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Learn More About This Property

JESSICA CHRISTINA ALMEIDA

JESSICA CHRISTINA ALMEIDA

Coldwell Banker The Real Estate Centre

 (416) 997-6255jessica.almeida@wearetrec.com
ProvinceON
CountyOttawa
CityOttawa Centre
Postal CodeK2P 1X1
Area4102 Ottawa Centre
Listing VS Median (in K2P 1X1)
Price:
$294,900
low | high
Med:
$294,900
50% of Average
sqft:
1,500
low | high
Med:
1,500
50% of Average
$ / sqft:
$197
low | high
Med:
$197
50% of Average
On site:
143
low | high
Med:
143
100% of Average
Sourced by Back At You
Listing Updated: September 30, 2026 at 12:34:20 AM PDT