59 Champagne Avenue Unit 2 photo 1
59 Champagne Avenue Unit 2 photo 2

59 Champagne Avenue Unit 2

4502 - West Centre Town / Dows Lake - Civic Hospital and Area, ON K1S 4P1

ActiveFor Sale
0 Beds
0 Baths
2,800 Sq Ft
Commercial

About This Property

A beloved Ottawa landmark. An exceptional opportunity to own a piece of the city's history.For generations, Di Rienzo's Grocery & Deli has been a cherished neighbourhood staple, known for its authentic Italian sandwiches, specialty groceries, and loyal customer following. More than just a business, Di Rienzo's has become part of Ottawa's culinary identity, attracting generations of customers who return for the quality, tradition, and familiar experience.Now, a rare opportunity presents itself to acquire both this established business and the real estate it calls home.Situated on a prominent corner lot in the heart of Little Italy, just steps from Preston Street, the property occupies approximately 4,499 sq. ft. of land with approximately 45.7 feet of frontage and 98.5 feet of depth. The property is currently improved with a mixed-use building featuring commercial space and residential accommodations, offering an attractive combination of business ownership and real estate investment.The sale presents a unique opportunity for an entrepreneur, investor, or established operator to carry forward the legacy of one of Ottawa's most recognizable independent food establishments while securing ownership of the underlying property.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size2,800 sq ft
Bedrooms0
Bathrooms0
Taxes (2026)$11,371
Postal CodeK1S 4P1
Last UpdatedOct 28, 2026 · 2:44 p.m.

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Features & Amenities

  • Air Conditioning

Buying or selling in Dows Lake - Civic Hospital and Area?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X14107524

Listed by ROYAL LEPAGE TEAM REALTY

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 trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$2,899,900

asking price

MLS®X14107524
TypeCommercial
CityDows Lake - Civic Hospital and Area
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$14,161

/month · $2,319,920 mortgage

Down Payment20% — $579,980
Interest Rate5.5%

Amortization

Total Interest

$1,928,258

Total Cost

$4,248,178

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

ROYAL LEPAGE TEAM REALTY