5 - 1920 BANK STREET W, Ottawa

$200,000

For sale: Other

Other at 5 - 1920 BANK STREET W, Ottawa
Property type
Sale Of Business
MLS®
MLS® X14106002
Neighbourhood
4606 - Riverside Park South

EXCELLENT BUSINESS OPPORTUNITY IN OTTAWA'S SOUTH KEYS AREA! An opportunity to acquire an existing educational learning and tutoring center in a highly accessible commercial location along busy Bank Street. Situated in an established residential and commercial community, the business benefits from convenient access to public transit, surrounding neighborhoods, nearby schools, shopping and other amenities. The premises are designed for educational and tutoring services, providing an attractive opportunity for an entrepreneur, educator or investor interested in the growing supplemental education sector. The business operates under an established educational franchise system offering structured learning programs, operational procedures and brand recognition. A qualified purchaser may benefit from the franchise's existing business model and support network, subject to franchisor approval and applicable franchise terms. BUSINESS SALE ONLY - REAL ESTATE NOT INCLUDED. The sale is subject to franchisor approval, purchaser qualification, mandatory training, applicable transfer requirements and landlord consent where required. Additional business and financial information available to qualified purchasers upon execution of a confidentiality agreement. Do not approach the business, employees or students directly.

Sold data

Homes in Ottawa — recent sold market

Homes in Ottawa took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 2,342 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.

The median sale price was $649,000.

Homes sold for about 2.1% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$649,000
Sale-to-list ratio
97.9%
Sold above asking
11%

Based on 2,342 recorded sales in the last 90 days. 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 5 - 1920 BANK STREET W