499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
$2,650,000
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7, Dows Lake - Civic Hospital and Area, ON
4348.0 sqft
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.
Property Highlights
For Sale
MLS NO.
X13444616
Type
Commercial
Sub Type
Sale Of Business
Square Footage
4348.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Sale Of Business
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13444616
Lot Width
50.0
Lot Size Units
SquareFeet
Garage Type
None
Cooling
Yes
Heat Type
Gas Forced Air Closed
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
City
Dows Lake - Civic Hospital and Area
Neighbourhood
4502 - West Centre Town
County / Region
Ottawa
Province / State
ON
Postal Code
K1S 4N7
Cross Street
Close proximity to the intersection of Carling Avenue and Preston Street.
Directions
Close proximity to the intersection of Carling Avenue and Preston Street.
Country
CA
List Price
$2,650,000
Annual Taxes
$31,401
Tax Year
2026
Possession Type
Flexible
Possession Details
TBD
Listing Office
SUTTON GROUP - OTTAWA REALTY
Board
Ottawa Real Estate Board
Original Entry
2026-06-15T14:10:23Z
Media Updated
2026-06-15T14:10:23Z
Photos Updated
2026-06-15T14:10:23Z
Last Modified
2026-06-15T14:10:23Z
System Modified
2026-07-06T21:35:15.344991Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-12-31
Heat Type Multi
Gas Forced Air Closed
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parcel Number
041040015
Parking Spaces
0
Public Remarks
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.