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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 127 days

    499 Sussex Drive

    Lower Town/Byward Market·Ottawa, ON·K1N 5P4·Near Sussex Dr & York St

    • 4531 sqft
    Ottawa real estate›X12850912
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Prime restaurant opportunity in the heart of Ottawa's ByWard Market at 499 Sussex Drive, a prominent corner location with exceptional visibility along Sussex Drive and York Street. Available immediately, this multi-level restaurant premises must be leased together (not demisable) and totals 4,531 SF, comprised of: Ground Floor (1,483 SF) at $45.00 PSF NNN; Second Floor (1,584 SF) at $25.00 PSF NNN; and Basement (1,464 SF) at $8.00 PSF GROSS. 2026 additional rent is estimated at $14.23 PSF. Steps to the Rideau Centre, National Gallery, Rideau Canal, and Parliament Hill, and one block from the upcoming Live Nation event centre, benefitting from strong pedestrian traffic and nearby parking. Former restaurant equipment can be made available for sale. Also available is a 2,000 SF office space for lease at $4,000 per month, inclusive of all costs except HST. Tenants are responsible for arranging their own garbage pickup.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Nov 17, 2025Previously listedTer$33 —X12550442View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      3
      Heating
      Gas Forced Air Open
      Air conditioning
      No
      Water source
      Municipal
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 499 Sussex Drive
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    —
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $1
    Provincial mill rate · ON
    The market

    How this home sits in the Ottawa market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Ottawa market right now

    Average sold price, days on market, and closed-transaction count for Ottawa — sourced from MLS®.

    • Avg sold price
      $726,733
      Last 30 days
    • Median sold price
      $650,260
      Middle of the market
    • Days on market
      29 d
      Avg from list to close
    • Closed last 30d
      3,061
      MLS® transactions
    Full Ottawa market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 499 Sussex Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 499 Sussex Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 499 Sussex Drive listed for?

      499 Sussex Drive is listed at $0 on the MLS® (listing X12850912). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 499 Sussex Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. Commercial Retail
  2. Asking
    $0
    MLS® X12850912
    Chat Zara
    Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $726,733
    $668,594Confidence range$784,872
    Asking vs estimate
    ≈in-line
    —
    Asking is in line
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Ottawa sell in about 29 days — this one has been listed 127 days.

    Avg sold price
    $726,733
    Median sold
    $650,260
    Avg days on market
    29
    Recently sold
    3061
    See comparable sales
    Steps to the Rideau Centre, National Gallery, Rideau Canal, and Parliament Hill, and one block from the upcoming Live Nation event centre, benefitting from strong pedestrian traffic and nearby parking.
  3. Former restaurant equipment can be made available for sale.
  4. Also available is a 2,000 SF office space for lease at $4,000 per month, inclusive of all costs except HST.
  5. Tenants are responsible for arranging their own garbage pickup.
  6. Ask Zara a follow-up

    Parking & garage

    1
    Garage
    None
  7. Lot & land

    1
    Zoning
    MD2 S73
  8. Listing & possession

    3
    Possession
    2026-03-04T00:00:00.000-00:00
    Property style
    Retail
    Property class
    Commercial Retail
  9. Combined estimate
    $1
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Listing price isn't published, so we can't run an affordability estimate. Ask Zara for a private estimate.

    More commercial retails in Ottawa

    Active listings within ±20% of this asking price.

    • 338 James Street
      $1,199,000
      338 James Street
      Commercial Retail
    • 109 Mann Avenue
      $79,000
      109 Mann Avenue
      Commercial Retail
    • 109 Mann Avenue
      $79,000
      109 Mann Avenue
      Commercial Retail
    • 8154 Jeanne Darc Boulevard
      $2,850,000
      8154 Jeanne Darc Boulevard
      Commercial Retail
    • 245 Bay Street
      $1,776,000
      245 Bay Street
      Commercial Retail
    • 910 Pinecrest Road
      $609,000
      910 Pinecrest Road
      Commercial Retail 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  10. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  11. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  12. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  13. Public listing courtesy of MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC. · displayed on Summitly per MLS® data-share rules

    499 Sussex Drive is a 4531 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  14. When was 499 Sussex Drive built?

    The year built for 499 Sussex Drive isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  15. What is the property tax for 499 Sussex Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for 499 Sussex Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  16. How much would the monthly mortgage be on 499 Sussex Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $0 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  17. Has 499 Sussex Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 499 Sussex Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  18. What neighbourhood is 499 Sussex Drive in?

    499 Sussex Drive is in Lower Town/Byward Market, Ottawa. The 'Neighbourhood' section below links to the live Ottawa real estate hub with average sold price, days on market, and current inventory.

  19. Is Ottawa a good place to live?

    Ottawa is one of ON's actively-tracked Summitly markets. The full Ottawa real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.