1642 Merivale Road A01010A
7302 - Meadowlands/Crestview, Meadowlands - Crestview and Area, K2G 4A1
$149,000
- 1 bathrooms
Listed yesterday · MLS® X14095096
About this home
Established specialty vape retail business for sale at Merivale Mall, 1642 Merivale Rd, a busy community shopping centre anchored by Farm Boy, Marshalls, Shoppers Drug Mart and Sport Chek, alongside CIBC, TD, Planet Fitness and a strong mix of daily-needs retailers. Now into its third year and profitable, this compact, turnkey operation is well suited to an owner-operator, a small family business or a lean team. The store keeps regular mall hours, with the busiest sales from late morning through evening, and can be managed by one team member at a time. The premises are an approx. 319 sq ft unit within an established shopping centre with ample on-site parking. The ten-year lease began in 2024 and runs to approx. 2034, plus one 5-year option to extend, providing long-term security of tenure. Subject to conditions, the lease includes a tenant early-termination right after year five if the sale of the store's principal products becomes unlawful due to a change in Ontario legislation. Leasehold improvements, fixtures and equipment are in place. Inventory is not included in the list price; it is to be purchased in addition, based on a count taken the evening before closing. Buyer to assume the existing lease, subject to landlord approval, and to pay any administrative or transfer fees charged by the landlord. Buyer to assume, or apply for at its own cost, all licences, permits and registrations required to operate the business, including specialty vape store registration with Ottawa Public Health. The lease, financial statements and further details are available to qualified buyers upon signing a confidentiality agreement. Please do not approach staff or the business directly.
Details
- Type
- Sale Of Business
- Lot
- 3679 × 528 ft
- Garage
- None
- Property tax
- $16 (2025)
- Neighbourhood
- 7302 - Meadowlands/Crestview
- Municipality
- Meadowlands - Crestview and Area
Interior
- Bathrooms
- 1 × bathroom
Heating, cooling and services
- Heating
- Gas Forced Air Closed
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Building area
- 319 Square Feet
More
- Possession
- 30-59 days
- Cross street
- Vimount Drive
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Very walkable
- 🚇 Tallwood LRT2.1 km
- 🚇 Knoxdale LRT2.2 km
Within a 10-minute walk: 7 grocery stores, 18 cafés and restaurants, 10 parks, 4 pharmacies. Nearest grocery: Farm Boy (100 m). Nearest park: Flower gardens (300 m).
Schools nearby
Elementary
- Meadowlands Public School
EQAO: Gr 6 reading 71%, math 35%7 min walk - Abraar School Private12 min walk
- Century Public School12 min walk
- Sir Winston Churchill Public School
EQAO: Gr 6 reading 91%, math 61%15 min walk
Secondary
- Merivale High School
EQAO: Gr 9 math 75%, literacy test 96%7 min walk - Frank Ryan Catholic Intermediate School Catholic13 min walk
- Elizabeth Wyn Wood Alternate Program (Nepean)15 min walk
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 K2G
- Owners / renters
- 72% / 28%
- Median household income
- $114,000
- Average age
- 41
- Children under 15
- 16%
- Homes
- 52% detached, 4% high-rise
- Commute by transit
- 14%
- Population
- 50,692
Languages spoken most at home besides English: Arabic 2.7%, Mandarin 2.5%, Yue (Cantonese) 1%, Vietnamese 0.9%.
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: 9 km. Transit times · Driving times
Noise 1 source nearby
- ✈️ In line with a Macdonald-Cartier runway4.1 km
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.