Are you looking for a turnkey business opportunity with six-figure potential while working part-time?This exceptional offering includes a completely renovated building and a unique business with significant growth prospects. Over the last five years, the business has seen a 92% increase in net income, with substantial room for further expansion. You can learn more about the current operation by visiting "The Joy of Olives" website. As high-quality olive oil remains a kitchen staple with extraordinary health and flavor benefits, demand for this product continues to rise.The property features ground-floor commercial space and a renovated two-bedroom upstairs apartment, perfect for additional rental income or a live-work setup. The building has undergone extensive renovations, including new stucco, insulation, windows, decks, and HVAC. Situated on a 49' x 103' lot with C1 Zoning, the site offers various expansion options under the Merrickville zoning bylaws.Located in one of Eastern Ontario's premier tourist destinations along the historic Rideau Waterway (a UNESCO World Heritage Site), the property benefits from high foot traffic and ample parking.Whether you choose to operate the existing profitable business, bring your own concept to this location, or expand the site with an additional building, the opportunities are endless.
Address
118 Wellington Street W
List Price
$1,095,000
MLS® Status
New
Expiration Date
2026-09-23
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Merrickville-Wolford
Sub-Area
804 - Merrickville
Region
Leeds and Grenville
Lot Size Source
MPAC
Lot Depth
103
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
49
Parcel Number
681080345
Total Building Area
1560
Occupant Type
Owner+Tenant
Cross Street
St. John St. / Wellington St.
MLS® Number
X12691946
Listing Brokerage
RIGHT AT HOME REALTY
Basement
No
Postal Code
K0G 1N0
Posession Details
TBA
Tax Amount
$4,834.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Other
Tax Legal Description
W 1/2 LT 7 RANGE 3 PL 6 MERRICKVILLE VILLAGE OF MERRICKVILLE-WOLFORD
Security Features
No