290 Bank Street
Ottawa Centre, ON
1,750 sqft • Sale Of Business • 115 days on market
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.
Listing Details
- Listed
- May 5, 2026
Price History
Listing history
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Property
- Lot Size
- 37.45 x 98.88 Feet
Location & Legal
- Cross Street
- Located at the intersection of Bank Street and Somerset Street West.
- Zoning
- TM[440]H(19)
- Possession
- Flexible
Commercial
- Business Type
- Other
- Occupancy
- Tenant
Included
- Inclusions
- Equipment list will be provided
Community
Postal area K2P
- Population
- 18,825
- Private dwellings
- 14,113
- Median age
- 34.4
- Average household size
- 1.5
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Ottawa Centre · last 12 months
- Median sold price
- $450,500
- Homes sold
- 370
- Median days on market
- 32
- Sale-to-list price
- 97.1%
Based on 370 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
ROYAL LEPAGE INTEGRITY REALTY
Location
Commercial figures
- Building area
- 1,750 sq ft
- Price per sq ft
- $11.43
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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