499 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N7
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499 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N7
499 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N7
499 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N7
499 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N7
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,450,000
Est. payment /mo
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499 Preston ST Dows Lake - Civic Hospital And Area, ON K1S 4N7

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision 4502 - West Centre Town

MLS Listing ID X13444610

Annual Tax Amount $31,400

Tax Year 2026

Property Sub-Type Commercial Retail

Lot Depth 76.0

Lot Front 50.0

Property Description

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. Buyer to verify all measurements and permitted uses.

Location

Province ON

County Ottawa

Area Ottawa

Interior

Cooling Yes

Exterior

Community Features Major Highway, Public Transit

Utilities Available Yes

Lot Frontage 50.0

Lot Depth 76.0

Building

Building Age 16-30

Others

Security Features Yes

ParcelsYN No

Listed by SUTTON GROUP - OTTAWA REALTY
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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499 Preston ST

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