Homula Realty Brokerage
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1499 Merivale Road, Cityview - Parkwoods Hills - Rideau Shore, ON K2E 5P3

Sale Of Business
$500,000

Ng's Cuisine has been a fixture in Ottawa for over 22 years and can now be yours! An amazing restaurant opportunity!The premises feature a large and functional layout, 2,300 sq. ft with a bright, open licensed dining space with seating for 110patrons, served by a fully-equipped, spacious commercial kitchen designed for high-volume service. Another 900 sq. ft.is available in the lower level for private dining service. Ample storage is available, along a prep kitchen, 2 walk-in freezers, 1 walk-in cooler, live seafood tanks in the basement. This listing price includes all existing fixtures, equipment, goodwill,transfer of liquor licence, leasehold improvement, and remaining inventory on closing to ensure a truly turn-keyoperation from day one. Situated in a prime location with heavy vehicular traffic, close to other retailers, groceries andresidential hubs. 25 parking spaces available. Full details, inventory list, and lease terms available to qualified buyers.

MLS number
X13469996
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K2E 5P3
Photos
25
86days · 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.

SchoolLevelDistanceRating
Elizabeth Wyn Wood Secondary Alternate
Ottawa-Carleton DSB
Secondary529 mNot reported
Sir Winston Churchill Public School
Ottawa-Carleton DSB
Elementary808 m7.9 / 10
79% met the standard
Meadowlands Public School
Ottawa-Carleton DSB
Elementary1.5 km5.8 / 10
58% met the standard
Abraar School - ElementaryElementary1.6 kmNot reported
Frank Ryan Catholic Intermediate School
Ottawa CSB
Elementary1.3 kmNot reported
Agincourt Road Public School
Ottawa-Carleton DSB
Elementary1.2 km8.4 / 10
84% 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 412 people.

$153,000Median household income
86.2%Own their home
100%Detached houses
50.8Median age
27%Born outside Canada
46.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35061097 — the few blocks around this address, home to 412 people. It describes the area, not this property.

412Population
48.7Average age
2.6Household size
$156,000Average household income
$153,000Median household income
86%Own their home
14%Rent
0%Condominiums
27%Born outside Canada
47%University degree
$750,000Average home value
2%Low income
21%Never married
$70,000 to $79,9992%
$80,000 to $89,9992%
$90,000 to $99,9992%
$100,000 and over47%
$100,000 to $124,9998%
$125,000 to $149,9998%
$150,000 to $199,99914%
$200,000 and over18%

Percentages are of the 255 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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$100,000 · minimum here is $25,000
$2,213.89per month
Borrowed before insurance$400,000
Total borrowed$400,000
Interest over 25 years at 4.5%$264,168

If you rented it out

-$2,213.89per month out of pocket
Rent$0.00
Everything it costs to hold$2,213.89
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 KENNECT REALTY. Listing data provided by the Toronto Regional Real Estate Board.