8 - 420 HAZELDEAN ROAD, Ottawa

$599,900

For sale: Other

Other at 8 - 420 HAZELDEAN ROAD, Ottawa
Property type
Sale Of Business
Bedrooms / bathrooms
1 bathroom
MLS®
MLS® X13792504
Neighbourhood
9003 - Kanata - Glencairn/Hazeldean

Rare opportunity to acquire a long-established bakery and food business with nearly four decades of history, strong brand recognition and approximately $1.1 million in annual gross sales. Founded in 1988 in Hull, Quebec, the business became a staple within the local Portuguese community, particularly known for its traditional Portuguese bread, pastries and authentic Portuguese foods. Over the years, the business built a loyal following that extended well beyond the Portuguese community. Today, the bakery continues that tradition from its established Ottawa west-end location, combining traditional Portuguese baking, café and prepared-food operations. Loyal, multi-generational customer base; fully equipped commercial bakery and production kitchen; extensive commercial equipment included; sales across bakery, café, sandwiches, hot food and take-home meals; established supplier relationships and operating systems; strong Ottawa-Gatineau customer following; turnkey operation with significant infrastructure already in place. For an experienced bakery, restaurant or food-service operator, this represents an opportunity to acquire more than equipment and a lease-it is the acquisition of an established business, recognized name and brand, existing customer base and nearly four decades of operating history. Ownership is offering the business for sale as part of a planned transition into other ventures. Current owner is willing to stay on to help with the transition, train staff, demonstrate the day-to-day business, and all recipes. Financial statements, equipment lists, lease information and additional business records will be made available to qualified buyers after an NDA. Do not miss this opportunity to build upon the existing business and utilize everything it offers

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.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 8 - 420 HAZELDEAN ROAD