1196 Bank Street
4403 - Old Ottawa South, Glebe - Ottawa East and Area, K1S 3Y1
$44,900
Listed 43 days ago · MLS® X13750226
About this home
Turn-Key Restaurant Opportunity - Established, Profitable, and Ready to Grow. A rare chance to own a long-running, turn-key restaurant with a loyal customer base and proven systems already in place - start generating income from day one. Located on a busy main street with heavy foot traffic and strong online ordering sales, this business has thrived for years and is only being offered for sale as the current owner pursues other ventures.The lease is a standout feature of this opportunity, offering exceptional terms with the flexibility to extend or expand. The adjacent unit is expected to become available soon, opening the door to add table seating alongside the current bar-style seating - a natural next step for growth. There's also clear upside for a new owner to capture the breakfast crowd by opening earlier.Surrounded by round-the-clock pedestrian traffic in a rapidly developing neighbourhood, this location is only gaining momentum. A fantastic opportunity for an owner-operator or investor looking for a business with real upside.
Details
- Type
- Sale Of Business
- Lot
- 10 × 77.91 ft
- Garage
- None
- Neighbourhood
- 4403 - Old Ottawa South
- Municipality
- Glebe - Ottawa East and Area
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
More
- Possession
- Flexible
- Cross street
- Bank St., between Grove Ave. and Chesley Ave.
- Business type
- Restaurant
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Carleton LRT1.3 km
- 🚇 Mooney's Bay LRT1.7 km
Within a 10-minute walk: 5 grocery stores, 24 cafés and restaurants, 10 parks, 5 pharmacies. Nearest grocery: Cedars & Co. Food Market (150 m). Nearest park: Bellwood Parkette (150 m).
Schools nearby
Elementary
- Hopewell Avenue Public School
EQAO: Gr 6 reading 97%, math 82%4 min walk - Westboro Academy Private13 min walk
- The Element Private16 min walk
- Mutchmor Public School
EQAO: Gr 6 reading 100%, math 77%1.3 km
Secondary
- Glebe Collegiate Institute
EQAO: Gr 9 math 74%, literacy test 93%1.7 km - Immaculata High School Catholic
EQAO: Gr 9 math 55%, literacy test 87%2.1 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K1S
- Owners / renters
- 51% / 49%
- Median household income
- $106,000
- Average age
- 41
- Children under 15
- 12%
- Homes
- 30% detached, 28% high-rise
- Commute by transit
- 13%
- Population
- 31,257
Languages spoken most at home besides English: Mandarin 1.6%, Arabic 0.6%, Spanish 0.6%, Iranian Persian 0.4%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).
Living here
Commute
To downtown Ottawa: 4 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by ROYAL LEPAGE INTEGRITY REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.