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Investment Highlights

  • Mixed commercial–residential freehold property on busy Rideau Street near the University of Ottawa and major condo developments.
  • Basement offers ample storage space with a two-piece bathroom and utility rooms.
  • Main floor features a fully equipped Chinese restaurant with kitchen, gas lines, seating area, and bathroom.
  • Upper level includes a three-bedroom residential unit with an ensuite and private rear parking for up to four vehicles.

Executive Summary

Mixed commercial/residential freehold property on bustling Rideau Street, near University of Ottawa and various condo developments. The main floor is currently setup as a Chinese restaurant with a fully equipped kitchen and spare natural gas lines for additional gas equipments, complete with a customer seating area and bathroom. The full basement is ideal for storage and includes a 2-piece bathroom and utility rooms. Upstairs is the residential portion where you'll find 3 bedrooms, including one with an ensuite bathroom. Private driveway with up to 4 parking spots at the rear. Come check out this fantastic opportunity for investment or development!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,084 SF
Building Class
C
Year Built
1887
Price
$1,795,000 CAD
Price Per SF
$861.32 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.08 AC
Zoning
TM6
Frontage
27’ on Rideau St

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection
  • Vintage Building
  • Walking/Biking Trails
  • Public Transportation

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,000 SF
  • Restaurant
  • -
  • 60 Days

This ground-floor retail space offers a fully equipped restaurant setup in a high-visibility location along Rideau Street. The layout includes a commercial kitchen with existing gas lines, a customer seating area, and a restroom, making it ideal for food service or other retail uses. A full basement provides additional storage and utility rooms, along with a two-piece bathroom.

Space Size Space Use Position Available
1st Floor 1,000 SF Restaurant - 60 Days

1st Floor

Size
1,000 SF
Space Use
Restaurant
Position
-
Available
60 Days

1st Floor

Size 1,000 SF
Space Use Restaurant
Position -
Available 60 Days

This ground-floor retail space offers a fully equipped restaurant setup in a high-visibility location along Rideau Street. The layout includes a commercial kitchen with existing gas lines, a customer seating area, and a restroom, making it ideal for food service or other retail uses. A full basement provides additional storage and utility rooms, along with a two-piece bathroom.

Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Very bikeable
80/100

Nearby Major Retailers

Oxygen Yoga & Fitness
Starbucks
Loblaw
RBC Royal Bank
Thai Express
Second Cup Cafe
Timothy's World Coffee
Anytime Fitness
Tim Hortons
Mucho Burrito
  • Listing ID: 37593119

  • Date on Market: 2025-09-08

  • Last Updated:

  • Address: 508 Rideau St, Ottawa, ON K1N 5Z6

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