121 Preston Street

West Centre Town, ON

2,000 sqft • Sale Of Business • 178 days on market

$110,000

Downtown Ottawa's restaurant is for sale! This is a fantastic business opportunity. The restaurant boasts an excellent location in Ottawa's Little Italy, close to Chinatown, within Ottawa's renowned Asian and Italy dining district. It enjoys a steady flow of customers, offers free parking, and has convenient evening and weekend parking. In every summer, during the Italian Food Festival, stalls can be set up on the roadside in front of the restaurant to sell food. Additionally, there is a patio outside of the restaurant. The planned newly built Ottawa Arena nearby is expected to bring a significant increase in foot traffic. The kitchen and dining area are fully equipped and ready for immediate use. The restaurant has received high ratings on Google and has been featured in media outlets such as the Ottawa Citizen and CTV. This is an excellent opportunity to own a well-known restaurant(you can use your brand and food style) in the heart of Ottawa's vibrant dining district, for a quick sale. Serious inquiries are welcome.

Listing Details

Taxes (2025): $13,200
Listed: March 4, 2026

Price History

Listing history

Property

Lot Size: 36.68 x 64.99 Feet

Location & Legal

Cross Street: Somerset and Preston
Zoning: Commercial
Parcel Number: 041080015
Possession: Immediate

Commercial

Business Type: Restaurant
Occupancy: Tenant
Rental Term: 60 months

Included

Inclusions: All kitchen utensils, furnitures, electrical appliances and inventories.
Exclusions: No
Rental Items: Rent $2650/month

Community

Postal area K1R

Population: 20,343
Private dwellings: 12,836
Median age: 36
Average household size: 1.7
Median household income: $74,000

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 West Centre Town · last 12 months

Median sold price: $675,500
Homes sold: 176
Median days on market: 20
Sale-to-list price: 98.2%

Based on 176 recorded sales of commercial properties in West Centre Town over the last 12 months.

Listed by

COLDWELL BANKER FIRST OTTAWA REALTY

Walk Score

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Location

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Commercial figures

Building area: 2,000 sq ft
Price per sq ft: $55.00
Annual property tax: $13,200
Tax per sq ft: $6.60

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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