1223 MICHAEL STREET, Ottawa

$88,000

For sale: Other

Other at 1223 MICHAEL STREET, Ottawa
Property type
Sale Of Business
MLS®
MLS® X13680054
Neighbourhood
2201 - Cyrville

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.

Sold data

Other homes in Ottawa — recent sold market

Other homes in Ottawa took a median of 26 days to sell over the last 730 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 49, across 44 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.

The median sale price was $783,900.

Homes sold for about 2.4% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 18% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$783,900
Sale-to-list ratio
97.6%
Sold above asking
14%

Based on 44 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1223 MICHAEL STREET