513 SUSSEX DRIVE, Ottawa

$88,000

For sale: Other

Other at 513 SUSSEX DRIVE, Ottawa
Property type
Sale Of Business
MLS®
MLS® X13470340
Neighbourhood
4003 - Sandy Hill

Exceptional opportunity to acquire a fully equipped and efficiently operated bubble tea establishment located at 513 Sussex Drive, in the heart ofOttawa's iconic ByWard Market. Positioned along one of the city's most prestigious and vibrant corridors, this location offers unparalleledvisibility, constant foot traffic, and immediate access to a diverse customer base.Situated at a premier intersection, the shop currently operatesunder a franchise model but provides the flexibility to transition to an independent brand if desired. The premises offer approximately 913.60 sqft of ground floor retail space, and125.83 sq ft of basement storage, thoughtfully furnished with tables, chairs, and contemporary décor. Thelayout allows for versatility, including the potential to introduce additional menu offerings, subject to landlord approval.The ByWard Market is oneof Ottawa's busiest commercial and tourism destinations, drawing visitors year-round for its restaurants, shops, nightlife, and culturalattractions. The business benefits from proximity to landmarks such as the National Gallery of Canada, Major's Hill Park, the Château Laurier,Parliament Hill, and surrounding office buildings, all of which contribute to a steady stream of tourists, residents, and professionals.This is aprime opportunity for an entrepreneur seeking strong market exposure in a highly desirable commercial hub. A new lease may be negotiatedwith the landlord. Price excludes inventory.

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.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 AvenueelementaryFraser rating 8.5/10
  • Agincourt RoadelementaryFraser rating 8.4/10
  • First AvenueelementaryFraser rating 8.4/10
  • NepeansecondaryFraser rating 8.3/10
  • ElmdaleelementaryFraser rating 8.2/10
  • Jean-Robert GauthierelementaryFraser rating 8.2/10

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

Currently for sale

Homes for sale near 513 SUSSEX DRIVE