$1,530,000 - 1884 Merivale Road Unit 115-116, Tanglewood - Grenfell Glen - Pineglen
Commercial for Sale in Tanglewood - Grenfell Glen - Pineglen
34 days on market- MLS Number
- X12586088
- Property Type
- Commercial
- Status
- active
- Days on Site
- 34
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- N/A sqft
- Neighbourhood
- Tanglewood - Grenfell Glen - Pineglen
- Listing Brokerage
- EXP REALTY
Turn-key opportunity to own a well-established European deli and specialty store in Ottawa! This business comes with a strong history, established 22 years ago, and has built a loyal customer base with excellent potential for continued growth. Located in one of the busiest and highest-traffic areas of Ottawa, it offers exceptional visibility and steady customer flow.The property features 2,000 sq. ft. of bright, open space across two combined units with 18 ft ceilings and a fully equipped, open-concept kitchen, ideal for visibility and efficient workflow. Four dedicated parking spots are included, providing rare convenience for staff and customers. A nice patio can be set up during the summer, located right in front of the store, helping attract more customers and making excellent use of the extra outdoor spaceThe versatile layout is suitable for multiple uses, including office, medical facility, warehouse, restaurant, animal care, or retail. Price includes the real estate, business and inventory. Equipment is also included, making this a true turn-key package ready for the next owner.This is a rare opportunity to acquire a reputable, long-standing business with deep roots in the neighbourhood and significant potential for future expansion.
Estimate your monthly payments for this property
Estimated Payment
$6,767.71/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Tanglewood - Grenfell Glen - Pineglen
Tanglewood - Grenfell Glen - Pineglen is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Tanglewood - Grenfell Glen - Pineglen
- •Convenient location in Tanglewood - Grenfell Glen - Pineglen
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Tanglewood - Grenfell Glen - Pineglen offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1884 Merivale Road Unit 115-116, Tanglewood - Grenfell Glen - Pineglen
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 25+ years of GTA real estate experience
Market Position
At 34 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Efficient Living
At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Tanglewood - Grenfell Glen - Pineglen properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.