356 Preston Street
Dows Lake - Civic Hospital and Area, ON
2,800 sqft • Commercial Retail • 288 days on market
Exceptional Opportunity to own a single use building in a PRIME location in the Heart of Little Italy!!! Occupied by the established and successful La Favorita Restaurant. Building is for sale for owner occupier (with 6-12 months notice) OR a new net lease back option providing a great income/stability for a new building investor. Building has even completely renovated over the past 15 years. Large outdoor patio on the property. 2800 sq ft of interior space including useable mezzanine plus small office/apartment on 2nd floor. High Ceilings provide an impressive "wow factor" as you walk into the space. Located across from the largest office/retail/residential complex on Preston Street - Preston Square. The area is experiencing vast growth and development with many new high rise condo/apartments, the future Ottawa Hospital Campus at Preston & Carling and future home of the Ottawa Senators New NHL Arena at Lebreton Flats.
Listing Details
- Taxes (2025)
- $23,091
- Listed
- November 13, 2025
Price History
Property
- Lot Size
- 33.33 x 98 Feet
Location & Legal
- Cross Street
- Preston and Aberdeen
- Zoning
- TM[78] H(15)
- Parcel Number
- 041060129
- Possession
- Flexible
Commercial
- Occupancy
- Owner
Community
Postal area K1S
- Population
- 31,257
- Private dwellings
- 15,662
- Median age
- 39.2
- Average household size
- 2.1
- Median household income
- $106,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Dows Lake - Civic Hospital and Area · last 12 months
- Median sold price
- $647,550
- Homes sold
- 126
- Median days on market
- 20
- Sale-to-list price
- 97.9%
Based on 126 recorded sales of commercial properties in Dows Lake - Civic Hospital and Area over the last 12 months.
Listed by
SHAKER REALTY LTD.
Location
Commercial figures
- Building area
- 2,800 sq ft
- Price per sq ft
- $928.21
- Annual property tax
- $23,091
- Tax per sq ft
- $8.25
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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