121 Preston Street

West Centre Town, ON

2 bath
1,907 sqft
Sale Of Business

$85,000

Exceptional Opportunity to Own a Popular Thai Restaurant in Ottawa's Little Italy. Take advantage of this rare opportunity to own Charm Thai Cuisine, a well-established and highly regarded restaurant in the heart of Ottawa's vibrant Little Italy, just minutes from Chinatown and surrounded by some of the city's most popular dining destinations. This prime location benefits from consistent customer traffic, free parking, and additional evening and weekend parking, making it convenient for both dine-in and takeout guests. During the annual Italian Festival, the restaurant has the opportunity to operate a popular outdoor food stall along the street, providing excellent seasonal exposure and increased revenue potential. The restaurant features a fully equipped commercial kitchen and a welcoming dining room, allowing a new owner to begin operations immediately. Charm Thai Cuisine has earned outstanding Google reviews and has been featured in the Ottawa Citizen and on CTV, reflecting its strong reputation and loyal customer base. Whether you're an experienced restaurateur or an entrepreneur looking to enter Ottawa's thriving food scene, this turnkey business offers outstanding value and growth potential. Serious inquiries please

Listing Details

Taxes (2025): $13,200
Listed: June 26, 2026

Price History

Listing history

Property

Age: 51-99
Lot Size: 33 x 64 Feet

Parking

Garage: Lane

Location & Legal

Cross Street: Somerset St. West
Zoning: Commercial
Parcel Number: 041080015
Possession: Immediate
Occupancy: Tenant

Commercial

Business Type: Restaurant
Rental Term: 24 months

Included

Inclusions: All kitchen utensils, furniture, electrical appliances and inventory, Brand.
Exclusions: No
Rental Items: No

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

DETAILS REALTY INC.

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 1,907 sq ft
Price per sq ft: $44.57
Annual property tax: $13,200
Tax per sq ft: $6.92

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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