1196 Bank Street
Glebe - Ottawa East and Area, ON
- Sale Of Business
- 12 days on market
Turn-Key Restaurant Opportunity - Established, Profitable, and Ready to Grow. A rare chance to own a long-running, turn-key restaurant with a loyal customer base and proven systems already in place - start generating income from day one. Located on a busy main street with heavy foot traffic and strong online ordering sales, this business has thrived for years and is only being offered for sale as the current owner pursues other ventures.The lease is a standout feature of this opportunity, offering exceptional terms with the flexibility to extend or expand. The adjacent unit is expected to become available soon, opening the door to add table seating alongside the current bar-style seating - a natural next step for growth. There's also clear upside for a new owner to capture the breakfast crowd by opening earlier.Surrounded by round-the-clock pedestrian traffic in a rapidly developing neighbourhood, this location is only gaining momentum. A fantastic opportunity for an owner-operator or investor looking for a business with real upside.
Listing Details
- Listed
- September 6, 2026
Price History
Property
- Lot Size
- 10 x 77.91 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Bank St., between Grove Ave. and Chesley Ave.
- Zoning
- TM2 H(15)
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Restaurant
Community
Postal area K1S
- Population
- 31,257
- Private dwellings
- 15,662
- Median age
- 39.2
- Average household size
- 2.1
- Median household income
- $106,000
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 Glebe - Ottawa East and Area · last 12 months
- Median sold price
- $1,045,000
- Homes sold
- 259
- Median days on market
- 14
- Sale-to-list price
- 99.2%
Based on 259 recorded sales of commercial properties in Glebe - Ottawa East and Area over the last 12 months.
Listed by
ROYAL LEPAGE INTEGRITY REALTY
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Location
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