For Sale Business

59 Champagne Avenue S

$2,899,900 Est. $12,840/mo ↓

Ottawa, Ontario K1S 4P1

Bldg=45.75 X 99 Ft Lot size
3 days ago Listed
Fully Air Conditioned Forced Air

About this home

A beloved Ottawa landmark. An exceptional opportunity to own a piece of the city's history.For generations, Di Rienzo's Grocery & Deli has been a cherished neighbourhood staple, known for its authentic Italian sandwiches, specialty groceries, and loyal customer following. More than just a business, Di Rienzo's has become part of Ottawa's culinary identity, attracting generations of customers who return for the quality, tradition, and familiar experience.Now, a rare opportunity presents itself to acquire both this established business and the real estate it calls home.Situated on a prominent corner lot in the heart of Little Italy, just steps from Preston Street, the property occupies approximately 4,499 sq. ft. of land with approximately 45.7 feet of frontage and 98.5 feet of depth. The property is currently improved with a mixed-use building featuring commercial space and residential accommodations, offering an attractive combination of business ownership and real estate investment.The sale presents a unique opportunity for an entrepreneur, investor, or established operator to carry forward the legacy of one of Ottawa's most recognizable independent food establishments while securing ownership of the underlying property. (id:28469)

Business

Business Type Restaurant
Business Sub Type Restaurant/pub

Facts & features

Property

MLS® Number
X14107520
Property Type
Business
Community Name
4502 - West Centre Town

Building

Appliances
Dryer, Washer
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Utility Water
Municipal Water

Land

Acreage
No
Size Depth
99 Ft
Size Frontage
45 Ft ,9 In
Size Irregular
Bldg=45.75 X 99 Ft
Size Total Text
Bldg=45.75 X 99 Ft
Zoning Description
R4ud

Monthly payment estimate

$
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
$12,840/mo
Ontario land transfer tax
$58,973 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The West Centre Town market

45 Active listings
$469,900 Median asking price
517% above median This home
31 days Avg. time on market
Browse all West Centre Town listings →

Location

59 Champagne Avenue S, Ottawa, Ontario K1S 4P1  ·  Get directions

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