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New · Listed Jun 15, 2026 · 132 days on market

499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7

$2,650,000

Commercial · Sale Of Business · 4348 sq ft · For Sale

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.

Property summary

TypeCommercial
SubtypeSale Of Business
Business typeOther
Building area4348 Square Feet
Lot size50 × 76 ft
Taxes$31,401 / yr
GarageNone
PossessionFlexible
OccupantOwner+Tenant
Property
Age31-50
Lot width50
Lot depth76
Power & Services
Heating typeGas Forced Air Closed
SewerSanitary+Storm
UtilitiesAvailable
Zoning & Taxes
Taxes / yr$31,401
Tax year2026
Interested in this property?
Book a viewing or ask us anything — a Central Commercial Realty agent will respond within one business day.

Data provided by TRREB. Listed by SUTTON GROUP - OTTAWA REALTY.

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