Salehian.com 647-325-5000

288 Bank Street

4102 - Ottawa Centre, Ottawa Centre, K2P 1X1

$294,900

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Listed 120 days ago · MLS® X13472632

About this home

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

Type
Sale Of Business
Lot
35 × 75 ft
Garage
None
Neighbourhood
4102 - Ottawa Centre
Municipality
Ottawa Centre

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

Building and exterior

Building area
1,500 Square Feet

More

Possession
Immediate
Cross street
bank and somerset
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Parliament LRT10 min walk
  • 🚇 Lyon LRT11 min walk

Within a 10-minute walk: 7 grocery stores, 208 cafés and restaurants, 12 parks, 14 pharmacies. Nearest grocery: Your Independent Grocer (50 m). Nearest park: Dundonald Park (450 m).

Schools nearby

Elementary

  • Elgin Street Public School
    EQAO: Gr 6 reading 96%, math 84%    8 min walk
  • Centennial Public School
    EQAO: Gr 6 reading 79%, math 32%    10 min walk
  • Cambridge St Community Public School
    EQAO: Gr 6 reading 77%, math 23%    17 min walk

Secondary

  • St. Patrick's Adult School Catholic6 min walk
  • Glashan Public School11 min walk
  • Debbie Campbell Learning Academy Private12 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 K2P

Owners / renters
19% / 81%
Median household income
$66,500
Average age
40
Children under 15
5%
Homes
2% detached, 71% high-rise
Commute by transit
15%
Population
18,825

Languages spoken most at home besides English: Mandarin 1.2%, Spanish 1%, Arabic 0.9%, Yue (Cantonese) 0.4%.

Safety

Crime Severity Index for Ottawa police: 52 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Ottawa: 1 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 RIGHT AT HOME REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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