266 Preston Street N

About this home

EXCEPTIONAL TURN-KEY RESTAURANT OPPORTUNITY IN THE HEART OF LITTLE ITALY! Welcome to 266 Preston Street, ideally situated along one of Ottawa's most vibrant and established commercial corridors. This well-maintained property offers excellent street exposure, strong visibility, and an outstanding opportunity for restaurant operators looking to establish or expand their business in a highly desirable location. The main floor features approximately 940 sq. ft. of fully equipped restaurant space, plus an additional 260 sq. ft. of basement storage. The second floor offers a two-bedroom apartment with a kitchen and full bathroom, providing flexible options for residential accommodation, office space, or staff facilities. The building underwent extensive renovations exceeding $450,000 in 2013 and has been well maintained. Conveniently located near the LRT, Dow's Lake, and downtown Ottawa, with ongoing development and intensification throughout the Preston Street corridor. An exceptional opportunity to lease an entire building in one of Ottawa's most recognizable and sought-after neighborhoods. Estimated TMI (2026): $12.95/sq. ft.

Details

Type

Commercial Retail

Age

51-99 years

Lot

26.28 × 99.88 ft

Garage

None

Property tax

$11,809 (2026)

Neighbourhood

4205 - West Centre Town

Municipality

West Centre Town

Interior

Bathrooms

4 × bathroom

Heating, cooling and services

Heating

Gas Forced Air Closed

Air conditioning

Yes

Utilities

Yes

Building and exterior

Age

51-99 years

Building area

1,900 Square Feet

Rental terms

Minimum term

60 months

More

Possession

Immediate

Cross street

Preston and Gladstone