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Coldwell Banker Summit Realty

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

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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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 79 days

    Unit Unit G — 1541 Merivale Road

    City View/Skyline/Fisher Heights/Parkwood Hills·Ottawa, ON··

      0
    • Sale Of Business
    Ottawa real estate›X13094628
    • 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

    Exceptional opportunity to own a well-established ethnic GROCERY store with a fully equipped KITCHEN and seating in one of Ottawa's busiest retail corridors! Located on highly sought-after MERIVALE Road, this business benefits from outstanding visibility, steady traffic flow, easy access from all parts of the city, and ample on-site parking for customers and staff. Spice Divine offers a unique combination of grocery retail, kitchen operations, dine-in potential, and online ordering capabilities, creating multiple revenue opportunities under one roof. The spacious layout includes dedicated grocery retail space, a functional commercial kitchen, generous storage capacity, and ample room for dine-in seating to support takeout, catering, or restaurant-style operations. The business also features a STRONG ONLINE presence with a professionally developed website where customers can conveniently order groceries and freshly prepared food from the kitchen. Buyers looking to continue the EXISTING Indian grocery business will benefit from an established presence and loyal customer base, while the versatile setup also creates an excellent opportunity to CONVERT the space into another ethnic grocery concept, café, restaurant, or specialty food operation with minimal changes. Situated at the prominent corner of Merivale Road and Capilano Drive, this high-traffic location is surrounded by established businesses, residential neighborhoods, and strong daily customer activity. Convenient access to regular and express public transit routes further enhances customer reach and convenience. TURNKEY opportunity with exceptional growth potential in a prime, amenity-rich location. A rare chance to own a flexible food and retail business in one of Ottawa's most desirable commercial areas.

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

    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
    Jul 18, 2026Previously listedNew$249,000 —X13580668View
    May 7, 2026ListedCurrentFor sale$489,000 —X13094628This page
    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 Closed
      Air conditioning
      Yes
      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.

    📍 Unit Unit G — 1541 Merivale Road
    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
    $2,402
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $269
    0.66% 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
      $719,219
      Last 30 days
    • Median sold price
      $648,753
      Middle of the market
    • Days on market
      30 d
      Avg from list to close
    • Closed last 30d
      3,000
      MLS® transactions
    Full Ottawa market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit Unit G — 1541 Merivale Road — 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 Unit Unit G — 1541 Merivale Road 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 Unit Unit G — 1541 Merivale Road listed for?

      Unit Unit G — 1541 Merivale Road is listed at $489,000 on the MLS® (listing X13094628). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit Unit G — 1541 Merivale Road 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.

    Asking
    $489,000
    MLS® X13094628
    Chat Zara
  1. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $719,219
    $661,681Confidence range$776,757
    Asking vs estimate
    ↓below
    −$230,219
    (-32.0%)
    Asking is below estimate
    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 30 days — this one has been listed 79 days.

    Avg sold price
    $719,219
    Median sold
    $648,753
    Avg days on market
    30
    Recently sold
    3000
    See comparable sales
    AI highlights by Zara
    • Located on highly sought-after MERIVALE Road, this business benefits from outstanding visibility, steady traffic flow, easy access from all parts of the city, and ample on-site parking for customers and staff.
    • The spacious layout includes dedicated grocery retail space, a functional commercial kitchen, generous storage capacity, and ample room for dine-in seating to support takeout, catering, or restaurant-style operations.
    • The business also features a STRONG ONLINE presence with a professionally developed website where customers can conveniently order groceries and freshly prepared food from the kitchen.
    • Convenient access to regular and express public transit routes further enhances customer reach and convenience.
    Ask Zara a follow-up

    Parking & garage

    1
    Garage
    None
  2. Lot & land

    1
    Zoning
    Commercial
  3. Listing & possession

    3
    Possession
    2026-05-07T00:00:00.000-00:00
    Property style
    Without Property
    Property class
    Sale Of Business
  4. Combined estimate
    $2,671
    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 →
    Affordability calculator
    Estimated monthly payment
    $2,402
    /mo
    based on the purchase price of $489,000
    $97,800 cash
    $391,200 financed
    $329,493 total interest
    Monthly payment$2,402/ month
    Principal54%$391,200
    Interest46%$329,493

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

    More sale of businesss in Ottawa

    Active listings within ±20% of this asking price.

    • 395 RICHMOND Road
      $449,900
      395 RICHMOND Road
      Sale Of Business
    • 2150 Robertson Rd Road
      $425,000
      2150 Robertson Rd Road
      Sale Of Business
    • 888 Meadowlands Drive
      $499,000
      888 Meadowlands Drive
      Sale Of Business 1
    • 888 Meadowlands Drive
      $499,000
      888 Meadowlands Drive
      Sale Of Business 1
    • 4335 Strandherd Drive
      $550,000
      4335 Strandherd Drive
      Sale Of Business
    • 5556 Manotick Main Street
      $549,900
      5556 Manotick Main Street
      Sale Of Business 1
    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.

  5. One team, no handoffs

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

  6. Showings on YOUR schedule

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

  7. Mortgage that closes

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

  8. Public listing courtesy of RIGHT AT HOME REALTY · displayed on Summitly per MLS® data-share rules

    Unit Unit G — 1541 Merivale Road is a sale of business at Ottawa, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  9. When was Unit Unit G — 1541 Merivale Road built?

    The year built for Unit Unit G — 1541 Merivale Road isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  10. What is the property tax for Unit Unit G — 1541 Merivale Road?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit Unit G — 1541 Merivale Road plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  11. How much would the monthly mortgage be on Unit Unit G — 1541 Merivale Road?

    The affordability calculator on this page shows an estimated monthly mortgage for $489,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  12. Has Unit Unit G — 1541 Merivale Road been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit Unit G — 1541 Merivale Road with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  13. What neighbourhood is Unit Unit G — 1541 Merivale Road in?

    Unit Unit G — 1541 Merivale Road is in City View/Skyline/Fisher Heights/Parkwood Hills, Ottawa. The 'Neighbourhood' section below links to the live Ottawa real estate hub with average sold price, days on market, and current inventory.

  14. 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.