CAONOttawa499 Preston St
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499 Preston St, Ottawa, ON

House

For Sale

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000

MLS® X13444610

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 4348 sqft
Garage 
Taxes $31,401
Days Active 0
Lot Size 
Approx. Age 
Avg. Price Per Sqft $563
MLS® Number X13444610

Property Address: 499 Preston St, Ottawa, ON, K1S4N7

Average square foot calculated using Size range provided by listing agent.

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. (id:58753)Show Description
MLS® NumberX13444610
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
HeatForced air, Natural gas
A/CFully air conditioned

Extras

Price History

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Top Secret
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  • Commute

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Starting Address
Destination Address
499 Preston St, Ottawa, ON
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