$34,900
700 - 1666 BANK STREET
Beds
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Baths
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Sqft
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Year
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Type
Business
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
This is a rare opportunity to acquire a profitable and well-established authentic Turkish fast-food business situated in a prime, high-traffic area of downtown Ottawa. Boasting excellent visibility and a strong reputation, the business serves a diverse and loyal clientele through its cozy 12-seat dining area, a robust take-out stream, and an active partnership with Uber Eats for consistent delivery revenue.Operational efficiency is the hallmark of this business, featuring exceptionally low overhead with an all-inclusive rent that covers heat, hydro, gas, water, snow removal, lawn maintenance, and parking. This predictable cost structure ensures immediate cash flow and ease of management from day one. The sale includes all professional-grade appliances and specialized equipment, most notably a custom-built Kumpir oven imported directly from Turkey, along with industrial coolers and dedicated produce refrigeration. Perfectly suited for an owner-operator or a small team, this turn-key operation offers a seamless transition into a thriving niche in the Ottawa culinary scene with minimal startup effort. Rent is $3300 gross Hydro and gas included. (id:65958)
- Subtype
- Business
- Community
- 4602 - Heron Park
- Lot dimensions
- Unit=85 x 128.8 FT
- On market
- Mar 18, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $37,666 (2025)
- Zoning
- Commercial retail
- Photos
- 2
- MLS#
- X12896804
- Area
- OTTAWA
Features and systems
Heating
Cooling
Cash on cash
343.65%
Cap rate
73.59%
GRM
1.2
Break-even rent
$296
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.