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New · Listed Oct 19, 2026 · 6 days on market

1642 Merivale Road A01010A, Meadowlands - Crestview and Area, ON K2G 4A1

$149,000

Commercial · Sale Of Business · 319 sq ft · For Sale

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.

Property summary

TypeCommercial
SubtypeSale Of Business
Business typeOther
Building area319 Square Feet
Bathrooms1
Lot size3679 × 528 ft
Taxes$16 / yr
GarageNone
Possession30-59 days
OccupantOwner
Property
Lot width3679
Lot depth528
Power & Services
Heating typeGas Forced Air Closed
UtilitiesYes
Residential
Bathrooms1
Zoning & Taxes
Taxes / yr$16
Tax year2025
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Data provided by TRREB. Listed by ROYAL LEPAGE INTEGRITY REALTY.

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