382 Rideau ST, Lower Town - Sandy Hill, ON K1N 5Y8
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382 Rideau ST, Lower Town - Sandy Hill, ON K1N 5Y8
382 Rideau ST, Lower Town - Sandy Hill, ON K1N 5Y8
382 Rideau ST, Lower Town - Sandy Hill, ON K1N 5Y8
382 Rideau ST, Lower Town - Sandy Hill, ON K1N 5Y8
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Elvis Guerra

Elvis Guerra

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382 Rideau ST Lower Town - Sandy Hill, ON K1N 5Y8

1 Bath

UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Subdivision 4003 - Sandy Hill

MLS Listing ID X12939338

Tax Year 2026

Property Sub-Type Sale Of Business

Property Description

Turnkey Asian grocery business located in the prime commercial corridor of Rideau Street in downtown Ottawa. This well-established business operates in an approximately 2,000 sq. ft. retail space, offering a wide range of Asian grocery products and serving a loyal and consistent customer base.The lease has been recently renewed for a 5-year term (2025-2030), providing long-term stability. Current base rent is $44,000/year for the first two years and $46,000/year for the remaining term, plus HST, with total monthly occupancy costs approximately ranging from $6,400 to $6,600.The property offers excellent accessibility, including 12 shared parking spaces at the rear plus 1 dedicated parking space, along with access to waste management facilities. Flexible permitted uses (excluding Korean restaurant and cannabis-related uses) allow for various retail or food-related concepts.A key value-add is the established supplier network, including access to unique product sourcing channels not commonly available to standard retail operators, providing strong competitive advantage and margin potential.A great opportunity for owner-operators or investors seeking a stable, income-generating business in a high-traffic downtown location.

Location

Province ON

County Ottawa

Area Ottawa

Zoning TM

Interior

Cooling Yes

Inclusions The business includes all existing fixtures and equipment, including shelving, lottery setup, freezer, fridge, cooler, and established supplier relationships, allowing for a smooth transition for a new operator. Inventory is excluded from the sale but may be negotiated separately.The property is currently equipped with a lottery terminal; however, the continuation of lottery services is subject to approval by Ontario Lottery and Gaming Corporation. The Buyer must apply and be approved as an authorized retailer, and such approval is not guaranteed.

Exterior

Lot Frontage 132.0

Lot Depth 99.0

Others

ParcelsYN No

Listed by KELLER WILLIAMS ICON REALTY

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Elvis Guerra

Elvis Guerra

Agent

+1(613) 262-8479

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382 Rideau ST

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