379 Preston Street

ActiveDows Lake - Civic Hospital and Area78 days on marketMLS® X13149622

$799,000

$80 / sq ft

Bedrooms0

Bathrooms2

Interior10,000 sq ft

TypeCommercial

ListingFor Sale

Days on Market78

About this property

The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally opened in 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has become one of the city's best known sports bar and entertainment destinations. Featuring The Porch on Preston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rare opportunity to acquire a historic and highly profitable hospitality venue with deep roots in the local community. Currently owned and operated by MRG Group, the business spans approximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. The property features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainment programming. The business is available with training or can be converted into a different concept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rent including TMI with lots of term remaining. Positioned in one of Ottawa's most vibrant restaurant and nightlife districts, this flagship hospitality location benefits from outstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13149622
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	10,000 sq ft
Beds / Baths	0 bed · 2 bath
City	Dows Lake - Civic Hospital and Area
Postal Code	K1S 4N1
Province	ON
Listed Date	May 20, 2026
Days on Market	78
Price per Sq Ft	$80
Brokerage	ROYAL LEPAGE SIGNATURE REALTY