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499 Preston Street

4502 - West Centre Town, Dows Lake - Civic Hospital and Area, K1S 4N7

$2,450,000

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Listed 127 days ago · MLS® X13444610

About this home

One of Ottawa's most distinctive commercial addresses is now available for acquisition. This 1983 church conversion at 499 Preston Street anchors the Little Italy and Dow's Lake corridor, surrounded by the city's densest concentration of restaurants, entertainment venues, and major new condominium development reshaping the entire stretch. The building offers approximately 4,348 square feet on a 50 x 76 foot lot and delivers the kind of presence and character that simply cannot be built from scratch at this price point.The Mainstreet (TM) zoning is one of the most flexible commercial designations in Ottawa, and that is a significant part of the story here. It opens the door to restaurants, bars, entertainment venues, retail, medical and wellness clinics, professional offices, and institutional uses, all permitted within the same envelope. For a buyer with a hospitality or entertainment concept, the location and the zoning are a near-perfect match. Preston Street at Dow's Lake is already one of the city's top dining and entertainment destinations, and this building sits right at its centre. The interior supports ambitious buildouts. Two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and wide open floor plates give any incoming operator a serious head start. Long-term redevelopment potential adds another layer of value for investors thinking beyond the immediate use.Specialised commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified purchasers. Available with vacant possession and ready for your vision.

Details

Type
Commercial Retail
Age
16-30 years
Lot
50 × 76 ft
Garage
None
Property tax
$31,401 (2026)
Neighbourhood
4502 - West Centre Town
Municipality
Dows Lake - Civic Hospital and Area

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Water and sewer
Sanitary+Storm
Utilities
Yes

Building and exterior

Age
16-30 years
Building area
4,348 Square Feet

More

Possession
90+ days
Cross street
Carling Ave, Preston St

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Listed by SUTTON GROUP - OTTAWA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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