$1,499,999
11 Third Avenue
Glebe, Ottawa
- 3 bd
- 3 ba
- Row / Townhouse
1 / 14
$888,000
Glebe, Ottawa, ON K1S5J3 · MLS® X13849312
LLBO Licensed Sunset Grill located at Parkside Square in Ottawa is awaiting the new ownership. This excellent breakfast restaurant attracts abundant foot traffic of visitors, exceptional signage and dining for 88 guests. Built to the franchisor's classic layout, this restaurant features an efficient open-concept kitchen equipped with a 14-foot commercial exhaust hood and a walk-in cooler, providing the ideal setup for smooth day-to-day operations and consistent service. Affordable rent and a strong long-term lease, the new ownership will do wonders here. Please note the restaurant generates additional revenue of about $280K annually from TD Place (Stadium) next to the restaurant from Soccer, Hockey & Ottawa football sports team contracts. Please do not approach the business directly or speak with staff. All inquiries and showings must be arranged through the listing brokerage. (id:65933)
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025. Property tax assumed at 1% of price.
Listed by Homelife Silvercity Realty Inc..
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.