Commercial building featuring a two-tone facade, prominent street-level storefront windows, a covered entrance with railings, and an adjacent paved alley Features: fence, commercial view More Photos

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    For Sale - 266 Preston Street, West Centre Town, Ontario

    Est payment $5,762/mo
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    Views   2
    Time on Jump  54 day

    AI Summary *

    • Located in vibrant Little Italy with great street visibility and foot traffic.
    • Current restaurant setup offers a quick start for food-service businesses.
    • Versatile layout allows for various commercial uses or reimagining space.
    • Upper-level unit provides additional income or convenient living space.
    • Close to public transit and amenities, with strong growth potential.




    Prime mixed-use opportunity in the heart of little italy! Welcome to 266 preston street, ideally located along one of ottawa's most vibrant and established commercial corridors. Excellent street presence and visibility, surrounded by restaurants, cafés, shops, residential developments and neighborhood amenities. The main-floor commercial space is currently configured as a turnkey restaurant, providing an excellent opportunity for an operator to establish or expand a food-service business with much of the existing infrastructure already in place. The versatile commercial layout could also be reimagined for other uses, potentially including a medical or wellness clinic, professional offices, convenience store, specialty retail, personal services, showroom or other commercial concepts, subject to zoning and approvals. Zoned traditional mainstreet (tm), the property offers flexibility to retain the existing restaurant operation or renovate and reposition the space for a different business model. The upper-level residential unit provides an additional income stream, with estimated rental potential of approximately $2,000/month, or could provide convenient accommodation for an owner-operator. Located close to the lrt, dow's lake and downtown ottawa, with continued growth and intensification along preston street, this property offers strong long-term potential in one of ottawa's most recognizable neighborhoods. Vendor takeback (vtb) available - up to 25% of purchase price. Proposed as a second mortgage behind institutional financing, with a 2-3 year term, interest rate of approximately 6%-8% (negotiable), interest-only payments preferred and balloon payment at maturity. Flexible terms may be considered based on buyer qualifications. Whether you're seeking a turnkey restaurant, commercial space for a new business, conversion opportunity or mixed-use investment, 266 preston street offers location, visibility, flexibility and financing options.
    Listing IDX13639936
    Address266 Preston Street
    CityWest Centre Town, Ontario
    Price$1,200,000
    Bath4 Full
    StyleInvestment
    Land Size2680
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Brokerage: ROYAL LEPAGE INTEGRITY REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    266 Preston Street
    West Centre Town , Ontario
    4 $1,200,000
    Get more info