Turnkey Restaurant & Food Business Opportunity in Ottawa's Westboro Area! Excellent asset sale opportunity at 727 Churchill Ave N, ideal for an experienced operator, new restaurant concept, franchise or food business. The kitchen was renovated in 2021 and features a full-size commercial hood and walk-in refrigerator. The premises currently offer approx. 24 interior seats, patio seating and a liquor license, with 6 parking spaces associated with the building. Buyer to verify parking availability/rights, patio use and licensing requirements. The finished basement adds valuable operational space and is currently used for food preparation, with 2 coolers, a sink and additional prep space**. The front of the premises may be customized to suit a new brand or concept, subject to landlord and applicable approvals.**Kitchen equipment and furnishings are included in the asset sale**, providing an opportunity to take over existing restaurant infrastructure rather than starting with an unfinished commercial space. Competitive rent, with lease terms and occupancy costs to be verified by the Buyer. Located in the Westboro/Churchill area, surrounded by established residential and commercial uses, with additional development occurring and proposed in the broader area. Potential for various restaurant, takeout, catering, food service or franchise concepts, subject to lease, landlord consent, zoning, licensing and applicable approvals. BUILDING IS NOT FOR SALE - ASSET SALE ONLY. Buyer and Buyer's representative to conduct their own due diligence regarding lease/assignment, permitted use, approvals, licenses, parking/patio rights, equipment, utilities, occupancy costs and suitability for intended use. (id:28469)
Virtual tour
Business
Business Type
Restaurant
Business Sub Type
Restaurant/pub
Facts & features
Property
MLS® Number
X13705082
Property Type
Business
Neighbourhood
Laurentian View
Community Name
5003 - Westboro/Hampton Park
Amenities Near By
Highway, Public Transit
Building
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Utility Water
Municipal Water
Parking
Other
—
Land
Acreage
No
Land Amenities
Highway, Public Transit
Size Depth
99 Ft
Size Frontage
49 Ft
Size Irregular
Unit=49 X 99 Ft
Size Total Text
Unit=49 X 99 Ft
Zoning Description
Am10
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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
$881/mo
Ontario land transfer tax
$1,715 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $1,715 back on land transfer tax.