499 Preston Street

About this home

A rare going-concern opportunity in one of Ottawa's most recognizable buildings. This landmark 1983 church conversion at 499 Preston Street sits at the heart of Little Italy and the Dow's Lake entertainment corridor, one of the city's most trafficked and culturally vibrant stretches. The property spans approximately 4,348 square feet on a 50 x 76-foot lot with Mainstreet (TM) zoning and offers the kind of visibility that most commercial operators spend years trying to earn. What makes this exceptional is what comes with the building. The business is established, operational, and generating revenue with an active client base and multi-year contracts already in place. The books are open for qualified buyers to review, and current ownership is committed to a proper transition. Run it as is, scale it, or bring your own vision entirely. For the right entrepreneur, this is not a startup. It is a running operation with infrastructure, clientele, and cash flow from day one. The space is purpose-built for collaboration and hospitality. Features include two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and expansive open-concept areas suited to events, wellness, professional services, or creative industries. Mainstreet zoning supports retail, restaurant, medical, office, and institutional uses. Steps from Dow's Lake, the Civic Hospital, and the luxury condominium developments reshaping this corridor, the location is only gaining momentum. Specialized commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified buyers.

Details

Type

Sale Of Business

Age

31-50 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

Available

Building and exterior

Age

31-50 years

Building area

4,348 Square Feet

More

Possession

TBD

Cross street

Close proximity to the intersection of Carling Avenue and Preston Street.