499 Preston Street
Dows Lake - Civic Hospital and Area, ON
- 4,348 sqft
- Sale Of Business
- 86 days on market
A rare going-concern opportunity in one of Ottawa's most recognizable buildings. This landmark 1983 church conversion at 499 Preston Street sits at the heart of Little Italy and the Dow's Lake entertainment corridor, one of the city's most trafficked and culturally vibrant stretches. The property spans approximately 4,348 square feet on a 50 x 76-foot lot with Mainstreet (TM) zoning and offers the kind of visibility that most commercial operators spend years trying to earn. What makes this exceptional is what comes with the building. The business is established, operational, and generating revenue with an active client base and multi-year contracts already in place. The books are open for qualified buyers to review, and current ownership is committed to a proper transition. Run it as is, scale it, or bring your own vision entirely. For the right entrepreneur, this is not a startup. It is a running operation with infrastructure, clientele, and cash flow from day one. The space is purpose-built for collaboration and hospitality. Features include two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and expansive open-concept areas suited to events, wellness, professional services, or creative industries. Mainstreet zoning supports retail, restaurant, medical, office, and institutional uses. Steps from Dow's Lake, the Civic Hospital, and the luxury condominium developments reshaping this corridor, the location is only gaining momentum. Specialized commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified buyers. Buyer to verify all measurements and permitted uses.
Listing Details
- Taxes (2026)
- $31,401
- Listed
- June 15, 2026
Price History
Listing history
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Property
- Age
- 31-50
- Lot Size
- 50 x 76 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Close proximity to the intersection of Carling Avenue and Preston Street.
- Zoning
- Am - Art. Mainstreet
- Parcel Number
- 041040015
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Other
Included
- Inclusions
- a list of assests to be given at a the time of offers
- Exclusions
- a list to be provided
- Rental Items
- a list of items will 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
- $656,900
- Homes sold
- 127
- Median days on market
- 21
- Sale-to-list price
- 97.8%
Based on 127 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
- $609.48
- 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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