$2,599,000
FOR SALE

Commercial/Retail

Lot: 33.33 x 98 ft
2025 Taxes: $23,091.43

356 Preston St
Dows Lake - Civic Hospital And Area, ON K1S 4M7 | 4502 - West Centre Town | Ottawa

Exceptional Opportunity to own a single use building in a PRIME location in the Heart of Little Italy!!! Occupied by the established and successful La Favorita Restaurant. Building is for sale for owner occupier (with 6-12 months notice) OR a new net lease back option providing a great income/stability for a new building investor. Building has even completely renovated over the past 15 years. Large outdoor patio on the property. 2800 sq ft of interior space including useable mezzanine plus small office/apartment on 2nd floor. High Ceilings provide an impressive "wow factor" as you walk into the space. Located across from the largest office/retail/residential complex on Preston Street - Preston Square. The area is experiencing vast growth and development with many new high rise condo/apartments, the future Ottawa Hospital Campus at Preston & Carling and future home of the Ottawa Senators New NHL Arena at Lebreton Flats.
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Listed By SHAKER REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12544952
Last Updated Nov 29, 2025
Property Summary
Property Type Commercial/Retail

More like this:
PIN 041060129
Possession Date 60 days
Taxes (2025) $23,091.43
Directions/Cross Streets Preston and Aberdeen
Neighbourhood 4502 - West Centre Town
Area Ottawa
Price History

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Detailed Information
Freestanding Y
Lot 33.33 x 98 ft
Air Conditioning Yes
Garage Type None
Heat Type Gas Forced Air Open

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