266 Preston Street
West Centre Town, ON
- 4 bath
- 1,650 sqft
- Investment
Turnkey Restaurant & Building for Sale - Prime Ottawa Growth Corridor. Exceptional opportunity to acquire both a long-established restaurant business and the commercial building in one of Ottawa's most rapidly evolving neighborhoods. Kochu Restaurant is a successful, turnkey operation offering 16 seats, a clean and efficient commercial kitchen, professional hood fan system, and a well-maintained dining area. The property underwent a substantial two-story addition in 2013, with many fixtures, equipment, and building components updated at that time. The upper-level apartment provides additional income potential of approximately $2,000 per month, while rear parking offers added convenience. Ideally positioned just steps from the LRT station, near the new Civic Hospital campus currently under development, and close to the proposed future stadium district, this property stands to benefit from significant long-term growth, increased traffic, and ongoing neighborhood investment. Property Features: Building and established restaurant business included. Rear parking. Excellent building condition. High-growth location near major infrastructure projects. An ideal opportunity for owner-operators, investors, or those seeking a strategic holding in a rapidly appreciating area with future redevelopment potential.
Listing Details
- Taxes (2026)
- $11,809
- Listed
- June 1, 2026
Price History
Listing history
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Property
- Age
- 51-99
- Lot Size
- 26.28 x 99.88 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Preston and Gladstone
- Zoning
- TM[78] H(15)
- Parcel Number
- 041060078
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- restaurant equipment and fixtures
- Rental Items
- HWT
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
- $667,000
- Homes sold
- 175
- Median days on market
- 20
- Sale-to-list price
- 98.0%
Based on 175 recorded sales of commercial properties in West Centre Town over the last 12 months.
Listed by
ROYAL LEPAGE INTEGRITY REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,650 sq ft
- Price per sq ft
- $757.58
- Annual property tax
- $11,809
- Tax per sq ft
- $7.16
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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