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Commercial Property in Glebe - Ottawa East and Area
About 1196 Bank Street
Priced to sell at $36,900! Established take-out restaurant for sale on busy Bank Street in the Glebe, one of Ottawa's most walkable, high-traffic neighbourhoods. Currently operating as a halal smash burger concept, but the space and equipment suit many other food businesses: café, bubble tea, shawarma, sandwich or wrap shop, dessert bar, pizza, breakfast spot, ghost kitchen and more. Sale includes the business, goodwill and a full commercial kitchen equipment package: freezers, refrigerators, sandwich prep fridge, two Eurodib flat-top grills, induction cooker, Vent-A-Hood exhaust fans, commercial ice machine, prep tables, triple sink, grease trap, cup sealing machine, TV menu screens, coffee machines, mixers and more. Lease in place until June 2029 with basement storage room included; assignment and any change of concept subject to landlord approval. Skip the cost of a new build-out and launch your own concept on one of Ottawa's best-known commercial streets. Inventory not included. Business sale only; real property not included. Buyer to verify intended use.
Glebe - Ottawa East and Area business priced at $36,900 — book a tour to see if it fits your search.
Inside 1196 Bank St
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
1196 Bank St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14124674$36,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1196 Bank St Compares to the Glebe - Ottawa East and Area Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 1196 Bank St
Market pulse · Glebe - Ottawa East and Area
Median sold price$1,085,000Last 90 days
Average days on market22Homes sold in about 22 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings109Homes for sale here right now.
Median vs prior 90 days+1.8%Compared with May 1 – Jul 30, 2026: prices up.
Based on 125 sales from Jul 30 – Oct 28, 2026 (80 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1196 Bank St
How much is 1196 Bank St listed for?
1196 Bank St is listed at $36,900 (MLS® X14124674). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1196 Bank St changed?
No — 1196 Bank St is still listed at its original asking price of $36,900.
How many bedrooms and bathrooms does 1196 Bank St have?
The listing for 1196 Bank St doesn't publish its bedroom and bathroom count. It is a commercial property in Glebe - Ottawa East and Area.
How does 1196 Bank St compare with other homes in Glebe - Ottawa East and Area?
Its asking price of $36,900 is about 97% below the median sold price in Glebe - Ottawa East and Area over the last 90 days, $1,085,000, across 125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1196 Bank St been sold before?
Summitly has no earlier MLS® sale or lease of 1196 Bank St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1196 Bank St?
1196 Bank St is in Glebe - Ottawa East and Area, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1196 Bank St been on the market?
1196 Bank St was listed today (October 28, 2026).
What is the land transfer tax on 1196 Bank St?
About $185 in Ontario land transfer tax at the asking price of $36,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1196 Bank St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1196 Bank St?
The listing for 1196 Bank St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Glebe - Ottawa East and Area.
When was 1196 Bank St built?
The listing for 1196 Bank St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.