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    For Sale - 499 Preston Street, Dows Lake - Civic Hospital and Area, Ontario

    Est payment $11,765/mo
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    Views   2
    Time on Jump  51 day

    AI Summary *

    • Distinctive church conversion in Ottawa's vibrant Little Italy and Dow's Lake area.
    • Approximately 4,348 square feet on a spacious 50 x 76 foot lot.
    • Flexible Mainstreet zoning allows for various commercial uses like restaurants and offices.
    • Ideal location at a top dining and entertainment destination in the city.
    • Interior supports ambitious projects with multiple kitchenettes and wide open spaces.




    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, 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.
    Listing IDX13444610
    Address499 Preston Street
    CityDows Lake - Civic Hospital and Area, Ont…
    Price$2,450,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air ClosedSewer Sanitary+Storm

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    Listing Agency:  SUTTON GROUP - OTTAWA 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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    499 Preston Street
    Dows Lake - Civic Hospital and Area , Ontario
    $2,450,000
    Get more info