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10508 101 Street NW
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Edmonton · Business · under $350,000. Alerts only send when there are new or meaningfully updated matching homes.
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An exceptional opportunity to own a beautifully renovated restaurant in a prime downtown location. Featuring a stylish, high-end interior completed just two years ago, this turnkey business is currently operating as a modern Asian bistro featuring Hong Kong-inspired and Asian fusion cuisine. Offering approximately 2,800 sq. ft. of thoughtfully designed space, the restaurant accommodates over 65+guests and includes a private dining room ideal for large family gatherings, celebrations, corporate events, and private functions. Ample free parking adds exceptional convenience for customers. The fully equipped commercial kitchen allows a seamless transition for a new owner to begin operations immediately. While currently operating as a modern Asian bistro, the attractive layout, quality improvements, and well-equipped kitchen make the space equally well suited for a wide variety of restaurant concepts and cuisines. Attractive lease terms, together with very reasonable rent and operating costs, provide an excellent foundation for long-term success. This business offers tremendous growth potential, with significant opportunities to further expand both lunch and dinner service. Whether you continue the current concept or introduce your own culinary vision, this is a rare turnkey opportunity to acquire a beautifully appointed restaurant in a highly desirable downtown location. Don’t miss this outstanding opportunity to become your own boss while investing in a business with exceptional long-term growth potential. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jul 7, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.