288 Bank Street, Ottawa Centre, ON K2P 1X1
4102 - Ottawa Centre, Ottawa Centre · Near bank and somerset · View map
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.
The home
- Type
- Sale of business
- Square footage
- 1500 sq ft
- Lot size
- 35 x 75 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Immediate
- Cross street
- bank and somerset
- Neighbourhood
- 4102 - Ottawa Centre
More
- MLS® number
- X13472632
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
288 Bank Street, Ottawa Centre, ON K2P 1X1
4102 - Ottawa Centre, Ottawa Centre · Near bank and somerset
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Listing history for 288 Bank Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 288 Bank Street
Answers come straight from this home’s MLS® listing.
How much is 288 Bank Street listed for, and what would it cost each month?
288 Bank Street is listed for $294,900. With 20% down ($58,980), the mortgage payment would be roughly $1,190 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,374 a month, all in. That figure is an illustration, not a quote.
Is 288 Bank Street freehold or a condo, and is there a monthly fee?
288 Bank Street is a sale of business in 4102 - Ottawa Centre, Ottawa Centre. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 288 Bank Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 288 Bank Street?
288 Bank Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 288 Bank Street, and what is the lot size?
The lot is listed as 35 x 75 ft.
How is 288 Bank Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
Where is 288 Bank Street?
288 Bank Street is in the 4102 - Ottawa Centre community of Ottawa Centre. The nearest main intersection is bank and somerset. The postal code is K2P 1X1.
Is 288 Bank Street still for sale?
Yes. It is an active listing (MLS® X13472632). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 288 Bank Street asking?
Similar properties for sale nearby right now include Sale of business in 4101 - Ottawa Centre at $250,000, Sale of business in 4101 - Ottawa Centre at $249,999 and 1009 - 224 Lyon Street N at $295,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 288 Bank Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 288 Bank Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4102 - Ottawa Centre, picked by style, size and price.
Sale of business$250,000Sale of business in 4101 - Ottawa Centre, Ottawa Centre4101 - Ottawa CentreCourtesy of: COLDWELL BANKER SARAZEN REALTYView home →
Sale of business$249,999Sale of business in 4101 - Ottawa Centre, Ottawa Centre4101 - Ottawa CentreCourtesy of: TRU REALTYView home →
Condo apartment$295,0001009 - 224 Lyon Street N, Ottawa Centre1 bath · 4102 - Ottawa CentreCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.