499 Sussex Drive, Lower Town - Sandy Hill, ON K1N 5P4

Commercial Retail

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. Tenants are responsible for arranging their own garbage pickup.

MLS number: X12850912
Type: Commercial Retail
Status: Active
Bedrooms: —
Bathrooms: —
Postal code: K1N 5P4
Photos: 1
Property tax: $14 / year

192days · this listing

Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

School	Level	Distance	Rating
Lisgar Collegiate Institute Ottawa-Carleton DSB	Secondary	938 m	8.2 / 10 82% met the standard · 2 of 6 measures
École secondaire publique De La Salle CÉP de l'Est de l'Ontario	Secondary	1.1 km	8.4 / 10 84% met the standard · 2 of 6 measures
York Street Public School Ottawa-Carleton DSB	Elementary	1.0 km	4.2 / 10 42% met the standard
École élémentaire publique De la Salle CÉP de l'Est de l'Ontario	Elementary	1.1 km	Not reported
Elgin Street Public School Ottawa-Carleton DSB	Elementary	1.4 km	8.7 / 10 87% met the standard
École élémentaire catholique Sainte-Anne CSDC du Centre-Est de l'Ontario	Elementary	1.1 km	7.9 / 10 79% met the standard

How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 453 people.

$108,000Median household income

42.9%Own their home

0%Detached houses

47.6Median age

19.7%Born outside Canada

68%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35061788 — the few blocks around this address, home to 453 people. It describes the area, not this property.

453Population

46Average age

1.7Household size

$153,000Average household income

$108,000Median household income

43%Own their home

57%Rent

49%Condominiums

20%Born outside Canada

68%University degree

$690,000Average home value

12%Low income

55%Not in the labour force

35%Never married

Under $5,0002%

$15,000 to $19,9991%

$20,000 to $24,9991%

$25,000 to $29,9991%

$30,000 to $34,9992%

$40,000 to $44,9991%

$50,000 to $59,9994%

$60,000 to $69,9994%

$70,000 to $79,9994%

$80,000 to $89,9994%

$90,000 to $99,9995%

$100,000 and over36%

$100,000 to $124,9998%

$125,000 to $149,9996%

$150,000 to $199,99910%

$200,000 and over12%

Percentages are of the 420 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Listed by MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.. Listing data provided by the Toronto Regional Real Estate Board.

499 Sussex Drive, Lower Town - Sandy Hill, ON K1N 5P4

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