The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
PRICED TO SELL! Excellent opportunity to acquire a Marble Slab Creamery franchise in the heart of the Glebe, on the corner of Bank Street and Second Avenue. This prime 1,400 sq. ft. location (plus basement storage) sits in one of Ottawa's most vibrant, high-traffic neighbourhoods, surrounded by retail, restaurants, Lansdowne and the Rideau Canal. Fully built out and recently renovated, with all equipment, fixtures and furniture included - a new owner can step in and start trading immediately with no additional capital investment required. Marble Slab is a well-known national brand famous for its fresh, in-store-made premium ice cream, hand-mixed on a frozen slab with unlimited mix-ins, fresh-baked waffle cones, ice cream cakes and more, backed by established systems, training and ongoing franchisor support. Secure a long-term lease in place until February 29, 2036 with 2 x 5 year options in place after 2036, which can bring the lease up to 2046, currently the rent is $6,500/month base rent plus $2,500/month estimated TMI + HST. Currently absentee-run and not operating to its full potential - an ideal owner-operator opportunity with clear upside through hands-on management, expanded delivery and growing cake and catering sales. Franchisor & landlord approval required for transfer. Don't miss a franchise opportunity at this price in the Glebe!
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Estimated Rental Income
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$370/mo
Mortgage (principal + interest)$370
Minimum $4,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$19,800
Ontario land transfer taxProvincial brackets, no first-time refund$715
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$23,315
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Glebe - Ottawa East and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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