$294,900
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288 Bank Street, Ottawa, ON K2P1X1

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- Beds
0 Baths
1,500 Sq Ft

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. (id:58753)

Listing By: Ali Novin - RIGHT AT HOME REALTY cncrea2 Realty.com
  • MLS® X13472632
  • Date Listed06/22/2026
  • Days on Realty 37 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Other
  • Water Public
  • Square Feet 1,500 sq. ft
  • Price Per Sq. Ft $196.6

Interior Features

  • Cooling Fully air conditioned
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: bank and somerset. ** Directions: From Parliament hill, South on Bank street until you reach Somerset Street.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K2P1X1

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K2P1X1

Source: Walk Score

99/100

Walker's Paradise

Walk Score ®

93/100

Rider's Paradise

Transit Score ®

96/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.

Transit Summary

70 nearby routes: 69 bus, 1 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 63/100, Bike Score: 86/100.

Points of Interest near 288 BANK STREET, Ottawa, ON K2P1X1

Frequently Asked Questions for 288 BANK STREET

Source: Realty.com

288 BANK STREET, Ottawa, ON K2P1X1 in Ottawa, ON K2P1X1 is a other listed at $294,900. Highlights include 1,500 sq. ft., $197 per sq. ft.. Realty.ca has 11 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 11 photos of 288 BANK STREET.

The full address for this home is 288 BANK STREET, Ottawa, ON K2P1X1.

288 BANK STREET has been listed on Realty.com since Mon June 22, 2026

Daily errands do not require a car. World-class public transportation. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 69/100, Transit Score: 63/100, Bike Score: 86/100.

Listing provided courtesy of: RIGHT AT HOME REALTY
Listing agent: Ali Novin

This content last refreshed on 2026-07-29 22:43:47. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.