499 Preston Street
Dows Lake - Civic Hospital and Area, ON
- 4,348 sqft
- Commercial Retail
- 91 days on market
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, entertainment venues, 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 Details
- Taxes (2026)
- $31,401
- Listed
- June 15, 2026
Price History
Listing history
Sign in to view
Property
- Age
- 16-30
- Lot Size
- 50 x 76 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Carling Ave, Preston St
- Zoning
- TM- the Mainstreet Zoning
- Parcel Number
- 041040015
- Possession
- 90+ days
- Occupancy
- Owner
Commercial
- Business Type
- Other
Included
- Inclusions
- a list will be provided
- Exclusions
- all the business belongings
- Rental Items
- a list to be provided
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
- $650,000
- Homes sold
- 129
- Median days on market
- 21
- Sale-to-list price
- 97.9%
Based on 129 recorded sales of commercial properties in Dows Lake - Civic Hospital and Area over the last 12 months.
Listed by
SUTTON GROUP - OTTAWA REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,348 sq ft
- Price per sq ft
- $563.48
- Annual property tax
- $31,401
- Tax per sq ft
- $7.22
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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