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New · Listed Jun 22, 2026 · 128 days on market

288 Bank Street, Ottawa Centre, ON K2P 1X1

$294,900

Commercial · Sale Of Business · 1500 sq ft · For Sale

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.

Property summary

TypeCommercial
SubtypeSale Of Business
Business typeRestaurant
Building area1500 Square Feet
Lot size35 × 75 ft
GarageNone
PossessionImmediate
OccupantOwner
Property
Lot width35
Lot depth75
Building & Loading
Clear height (ft)6
Power & Services
Heating typeGas Forced Air Open
Zoning & Taxes
Tax year2026
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Data provided by TRREB. Listed by RIGHT AT HOME REALTY.

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CC Susan — Central Commercial
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