382 RIDEAU STREET, Ottawa

$99,860

For sale: Other

Other at 382 RIDEAU STREET, Ottawa
Property type
Sale Of Business
Bedrooms / bathrooms
1 bathroom
MLS®
MLS® X13834566
Neighbourhood
4003 - Sandy Hill

Prime Asian Grocery Store for Sale - Rideau Street, Downtown Ottawa. A well-established Asian grocery store is now available in the heart of downtown Ottawa's core commercial district on Rideau Street. With a prime location and heavy foot traffic, this is a true turnkey opportunity-step in and start operating right away.The store offers 2,000 sq. ft. of beautifully renovated space, complete with a walk-in freezer and storage room. Inside, you'll find high-end shelving, bright lighting, and a well-planned layout that creates a comfortable shopping environment and supports efficient operations. The product selection is extensive, covering snacks, beverages, cosmetics and skincare, children's products, and everyday Asian groceries-all backed by a loyal customer base.The lease is secured until 2030, with the option to renew upon you like, at an excellent rate-keeping operating costs low and offering great value. The store is equipped with a remote-accessible surveillance system, and the alarm is directly connected to a monitoring center for complete peace of mind. Parking is convenient, with 12 spaces plus 1 dedicated spot. Aside from Korean restaurants and cannabis-related businesses, the space is suitable for a wide range of retail or food-service uses, offering plenty of flexibility for future repositioning.The store also comes with a well-established suppliers and customers networks, including sourcing channels that are difficult for ordinary retailers to access-providing a clear competitive edge and very great profit . If you're looking for a stable, profitable business in a prime downtown location, this is a great opportunity.

Sold data

Homes in Sandy Hill — recent sold market

Homes in Sandy Hill took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 66, across 132 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $449,900.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

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

Median days to sell
32
Median sale price
$449,900
Sale-to-list ratio
96.8%
Sold above asking
8%

Based on 132 recorded sales in the last 1 year. 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 382 RIDEAU STREET