$2,450,000
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499 Preston Street, Ottawa, ON K1S4N7

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- Beds
0 Baths
4,348 Sq Ft

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. (id:58753)

Listing By: Fady Khudair - SUTTON GROUP - OTTAWA REALTY cncrea2 Realty.com
  • MLS® X13444610
  • Date Listed06/15/2026
  • Days on Realty 6 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Property Type Other
  • Water Public
  • Square Feet 4,348 sq. ft
  • Price Per Sq. Ft $563.48

Interior Features

  • Cooling Fully air conditioned
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Carling Ave, Preston St. ** Directions: Carling Ave to Preston St.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K1S4N7

Discover key demographics, population statistics, and environmental insights for the Ottawa, ON area.

Walkability in ON / K1S4N7

Source: Walk Score

95/100

Walker's Paradise

Walk Score ®

59/100

Good Transit

Transit Score ®

100/100

Biker's Paradise

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Daily errands can be accomplished on a bike.

Transit Summary

14 nearby routes: 14 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 61/100, Bike Score: 83/100.

Points of Interest near 499 PRESTON STREET, Ottawa, ON K1S4N7

Frequently Asked Questions for 499 PRESTON STREET

Source: Realty.com

499 PRESTON STREET, Ottawa, ON K1S4N7 in Ottawa, ON K1S4N7 is a other listed at $2,450,000. Highlights include 4,348 sq. ft., $563 per sq. ft.. Realty.ca has 50 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 50 photos of 499 PRESTON STREET.

The full address for this home is 499 PRESTON STREET, Ottawa, ON K1S4N7.

499 PRESTON STREET has been listed on Realty.com since Mon June 15, 2026

Daily errands do not require a car. Many nearby public transportation options. Daily errands can be accomplished on a bike.

The average walkability score in the surrounding area is Walk Score: 68/100, Transit Score: 61/100, Bike Score: 83/100.

Listing provided courtesy of: SUTTON GROUP - OTTAWA REALTY
Listing agent: Fady Khudair

This content last refreshed on 2026-06-21 08:23:23. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.