379 Preston Street
Dows Lake - Civic Hospital and Area, ON
- 2 bath
- 10,000 sqft
- Sale Of Business
The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally opened in 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has become one of the city's best known sports bar and entertainment destinations. Featuring The Porch on Preston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rare opportunity to acquire a historic and highly profitable hospitality venue with deep roots in the local community. Currently owned and operated by MRG Group, the business spans approximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. The property features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainment programming. The business is available with training or can be converted into a different concept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rent including TMI with lots of term remaining. Positioned in one of Ottawa's most vibrant restaurant and nightlife districts, this flagship hospitality location benefits from outstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership.
Listing Details
- Originally Listed
- $799,000
- Listed
- May 20, 2026
Price History
Property
- Lot Size
- 98.42 x 99.5 Feet
Parking
- Garage
- Plaza
Location & Legal
- Cross Street
- Beech St and Preston St
- Zoning
- Business Commercial
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Restaurant
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
- 130
- Median days on market
- 22
- Sale-to-list price
- 97.9%
Based on 130 recorded sales of commercial properties in Dows Lake - Civic Hospital and Area over the last 12 months.
Listed by
ROYAL LEPAGE SIGNATURE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 10,000 sq ft
- Price per sq ft
- $49.90
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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