499 Preston Street

ActiveDows Lake - Civic Hospital and Area · 4502 - West Centre Town52 days on marketMLS® X13444610

$2,450,000

$563 / sq ft

Bedrooms0

Bathrooms0

Interior4,348 sq ft

TypeCommercial

ListingFor Sale

Days on Market52

About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13444610
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	4,348 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	4502 - West Centre Town
City	Dows Lake - Civic Hospital and Area
Postal Code	K1S 4N7
Province	ON
Listed Date	June 15, 2026
Days on Market	52
Price per Sq Ft	$563
Brokerage	SUTTON GROUP - OTTAWA REALTY