327 SOMERSET STREET W, Ottawa

$200,000

For sale: Other

Other at 327 SOMERSET STREET W, Ottawa
Property type
Commercial Retail
MLS®
MLS® X13684362
Neighbourhood
4102 - Ottawa Centre

Luxurious restaurant / wine bar in a central location right in the heart of Somerset Village. Business asset sale only, not including trade name and not including property. Remarkably nice and fully fixtured restaurant in a heritage building offering a turnkey opportunity to start a new concept. High traffic urban location surrounded by many successful local businesses in the immediate block including Prohibition, Arlo, Trofi, Union 613 and more. The space underwent extensive renovations creating a stunning and charming atmosphere. Features include a large bar seating area, private dining room, kitchen exhaust hood in an open-style kitchen, wine display cabinet, wine cellar in basement, washrooms and storage in basement. Small patio opportunity also available at the front.

Sold data

Other homes in Ottawa — recent sold market

Other homes in Ottawa took a median of 28 days to sell over the last 730 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 58, across 45 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.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 $799,000.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$799,000
Sale-to-list ratio
97.5%
Sold above asking
13%

Based on 45 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 327 SOMERSET STREET W