For LeaseCommercial Retail

508 Rideau Street

$4,500/mo
1,850 sqft$2.43/sq ft103d on market
MLS# X12941276Sandy Hill, Ottawa · K1N 5Z6
Bedrooms
Size
1,850 sq ft
Parking
4 None

About This Listing

Fully equipped restaurant for rent 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 equipment, complete with a customer seating area and bathroom. The full basement is ideal for storage and includes a 2-piece bathroom and utility rooms. Listed rent includes first floor, basement, backyard parking spaces, and property tax. Tenant responsible for utilities, insurance, garbage, snow removal and maintenance & repair. You will also have the option to rent the entire building for $1500 extra per month. (Upstairs will be used by landlord as storage space if not rented) Upstairs residential portion consists of 3 bedrooms, including one with an ensuite bathroom.

Monthly Mortgage (P&I)$20
Property Tax (MLS)$1,190
Maintenance Fees$0
Total Monthly Cost$1,210

Down payment: $900 (20.0%) · Mortgage: $3,600

Property tax uses MLS annual tax of $14,283/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.

Property Details

MLS NumberX12941276
Property TypeCommercial Retail
StyleMulti-Use
Listing TypeFor Lease
StatusActive
Size1,850 sq ft
Parking Spaces4
Parking TypeNone
Property Tax$14,283/yr
Days on Market103
Listed2026-03-31
CommunitySandy Hill
MunicipalityOttawa
Cross StreetRideau & Augusta

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Data last updated: August 23, 2026 at 12:26 p.m.