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244 Laurier Av E

4,706 SF 100% Leased Retail Building Ottawa, ON K1N 6P4 $3,200,000 CAD ($680 CAD/SF)

Investment Highlights

  • Turn-key restaurant; ready to run your business
  • Full security and fire systems installed
  • Basement space features storage, walk-in cooler, men's & women's washrooms
  • Close proximity to University of Ottawa, Strathcona Park, Rideau Canal, and the Byward Market
  • New electrical systems/panels to address legacy items; same with plumbing

Executive Summary

Location! Location! Location! This is a fantastic owner/occupier opportunity—a standalone retail and residential building at the corner of Laurier and Nelson. Situated in a prime neighbourhood, the property enjoys ample vehicle and pedestrian traffic, located in the heart of Sandy Hill. Onsite and street parking are available.
The ground floor (approximately 1,596 SF) and lower level (approximately 1,550 SF) offer a turn-key, fully fit-up restaurant, including a full kitchen with hood ventilation, gas grill, flat top, commercial dishwasher, triple sinks, cold top sandwich bar, glass washer, beer cooler, and prep station. The dining area is furnished with tables, chairs, and a built-in bar. The bar includes glass washer, beer fridges, 12-head beer tap tower, and fountain guns for pop. The lower level features a walk-in cooler and ice machine near the prep area, and another walk-in cooler that is fully set up with taps for beer kegs, as well as additional storage space, and mens, womens, and staff washrooms. The upper floor (approximately 1,560 SF) includes two 2-bedroom apartments, providing additional rental income to help with the carrying costs of the building. Don’t miss this excellent opportunity to own and invest in your business!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,706 SF
Building Class
C
Year Built
1892
Price
$3,200,000 CAD
Price Per SF
$680 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Zoning
LC1 [2262] - Mixed Commercial
Parking
6 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
42 ft on Laurier Ave E

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (88)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

RBC Royal Bank
Tim Hortons
Second Cup Café & Cie
Thai Express
Timothy's World Coffee
Starbucks
Anytime Fitness
freshii
Loblaw
Dunn's
  • Listing ID: 33121322

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 244 Laurier Av E, Ottawa, ON K1N 6P4

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