625 Somerset Street
Ottawa Centre, ON
- Sale Of Business
- 91 days on market
Exceptional restaurant opportunity in the heart of Ottawa's vibrant Chinatown! This well-established business, Jadeland, is now available for sale (Business Only), offering a seamless transition for the next owner into one of the city's most iconic commercial corridors. The current owner has operated here for a remarkable 29 years! The unit features a functional layout with around 900 sq. ft. of dining space accommodating 11 tables and seating for 50-60 customers, complemented by an expansive 600 sq. ft. professional kitchen designed for high-volume service. Additionally, a basement provides ample storage space. The listing price includes all existing equipment, ensuring a truly turn-key operation from day one. Situated in a prime location with heavy pedestrian and vehicular traffic, this property enjoys unparalleled exposure and is steps away from diverse shops, residential hubs, and the LRT. 8 parking spaces available! Financial statements are available for qualified buyers upon request. Whether you choose to maintain the successful Jadeland legacy or introduce a fresh new culinary concept, this is a rare chance to secure a prominent foothold in a high-demand neighborhood.
Listing Details
- Listed
- June 5, 2026
Price History
Listing history
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Property
- Lot Size
- 33.5 x 112.48 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- SOMERSET ST W & PERCY STREET
- Zoning
- TM[2185]H(16), Unassigned
- Parcel Number
- 041210038
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Restaurant
Included
- Inclusions
- All chattels and equipment.
Community
Postal area K1R
- Population
- 20,343
- Private dwellings
- 12,836
- Median age
- 36
- Average household size
- 1.7
- Median household income
- $74,000
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
- $451,000
- Homes sold
- 373
- Median days on market
- 33
- Sale-to-list price
- 97.1%
Based on 373 recorded sales of commercial properties in Ottawa Centre over the last 12 months.
Listed by
COLDWELL BANKER SARAZEN REALTY
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