1223 Michael Street

Ottawa, Ontario K1J 7T2

1,780 sqft Interior

1 Parking spaces

Bldg=100 X 120 Ft Lot size

14 days ago Listed

Fully Air Conditioned Forced Air

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About this home

An excellent turnkey business opportunity----A well-run restaurant is for sale:It boasts a prime location on the ground floor of a large office building, serving five surrounding office buildings. Offering both takeout and dine-in services,the restaurant(1780 sq feet) can accommodate 30 people at the same time, it enjoys a stable customer base and consistent income. The current owner has run the restaurant for 10 years and is reluctantly selling due to retirement. The restaurant primarily serves breakfast and lunch, operating five days a week, closed on weekends and holidays, from 8 am to 4 pm daily.the monthly rent($1612.5+tax) is low and includes all utilities(water,electricity and heating,cooling).all items in this business are sold as is. (id:28469)

Business

Business Type	Restaurant
Business Sub Type	Restaurant/pub
Name	Minda Cafe

Facts & features

Property

MLS® Number: X13680054
Property Type: Business
Neighbourhood: Cyrville
Community Name: 2201 - Cyrville
Parking Space Total: 1

Building

Age: 16 To 30 Years
Cooling Type: Fully Air Conditioned
Heating Fuel: Natural Gas
Heating Type: Forced Air
Size Exterior: 1780 Sqft
Size Interior: 1,780 Sqft
Utility Water: Municipal Water

Parking

Underground: —

Land

Acreage: No
Size Depth: 120 Ft
Size Frontage: 100 Ft
Size Irregular: Bldg=100 X 120 Ft
Size Total Text: Bldg=100 X 120 Ft
Zoning Description: Td3[1996]

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $390/mo
Ontario land transfer tax: $605 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $605 back on land transfer tax.

The Cyrville market

18 Active listings

$370,000 Median asking price

76% below median This home

27 days Avg. time on market

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Location

1223 Michael Street, Ottawa, Ontario K1J 7T2 · Get directions