$2,450,000
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
Dows Lake - Civic Hospital and Area
- Square feet
- 4,348
- Type
- Commercial Retail
About this listing
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.
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Walkability, transit, and bike-friendliness for 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
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MLS# X13444610
Listed by SUTTON GROUP - OTTAWA REALTY
On market since Jun 15, 2026
About 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
How much is 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7?
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 is listed for $2,450,000 CAD.
What type of property is 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7?
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 is a Commercial Retail, 4,348 sq ft.
What neighbourhood is 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 in?
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 is in Dows Lake - Civic Hospital and Area, Ontario.
Is 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 for sale or for rent?
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 is currently for sale.
How do I book a showing for 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7?
Contact Michael Mezheritsky to arrange a private showing of 499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7 (MLS# X13444610). You can also send a message through the contact form on this site.