288 Bank Street, Ottawa Centre, ON K2P 1X1
Ottawa Centre
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 288 Bank Street, Ottawa Centre, ON K2P 1X1
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MLS# X13472632
Listed by RIGHT AT HOME REALTY
On market since Jun 22, 2026
What comparable homes actually sold for in the last 12 months.
288 Bank Street, Ottawa Centre, ON K2P 1X1 is listed for $294,900 CAD.
288 Bank Street, Ottawa Centre, ON K2P 1X1 is a Sale Of Business, 1,500 sq ft.
288 Bank Street, Ottawa Centre, ON K2P 1X1 is in Ottawa Centre, Ontario.
288 Bank Street, Ottawa Centre, ON K2P 1X1 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 288 Bank Street, Ottawa Centre, ON K2P 1X1 (MLS# X13472632). You can also send a message through the contact form on this site.
