290 Bank Street
4102 - Ottawa Centre, Ottawa Centre, K2P 1X6
$20,000
Listed 168 days ago · MLS® X13084316
About this home
Iconic Centre Town location available as an asset sale with lease assumption, situated at the high-visibility corner of Bank Street and Somerset Street West. This turn-key, beautifully finished space offers a contemporary interior ideal for a quick-service retail business.The 1,750 sq. ft. unit is positioned directly on the northwest corner of the intersection and features high ceilings, two bathrooms, a kitchen prep area, a service counter, and ample bench and chair seating. This is a rare opportunity to secure lease rights to a prime retail corner and elevate your business in one of Ottawa's most vibrant urban districts.Enjoy exceptional exposure with high pedestrian and vehicular traffic in the heart of the city. The existing lease runs until June 2028, providing strong long-term stability for the new operator.The lease is triple net (NNN) with a current base rent of $5,700 per month, the additional rent is $2,354 for building operating costs, HST, insurance, etc.
Details
- Type
- Sale Of Business
- Lot
- 37.45 × 98.88 ft
- Garage
- None
- Neighbourhood
- 4102 - Ottawa Centre
- Municipality
- Ottawa Centre
Heating, cooling and services
- Heating
- Electric Forced Air
- Air conditioning
- Yes
Building and exterior
- Building area
- 1,750 Square Feet
More
- Possession
- TBD
- Cross street
- Located at the intersection of Bank Street and Somerset Street West.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Very walkable
- 🚇 Parliament LRT11 min walk
- 🚇 Lyon LRT11 min walk
Within a 10-minute walk: 7 grocery stores, 209 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 Catholic5 min walk
- Glashan Public School11 min walk
- Reality Check12 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 ROYAL LEPAGE INTEGRITY REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.