$2,599,000
FOR SALE

Commercial/Retail

Lot: 33.25 x 98 ft

356 Preston Street
Ottawa, ON K1S 4M7

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. (id:47421)
Share
Listed By SHAKER REALTY LTD.
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X12544952
Last Updated Apr 24, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Community 4502 - West Centre Town
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 33.25 x 98 ft
Listing Contract Date 2025-11-13
Location Description Cross Streets: Preston and Aberdeen. ** Directions: north on Preston from Carling; on the west side across from Preston Square.
Property Type Retail
Transaction Type For sale
Zoning Description TM[78] H(15)
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Utility Water Municipal water
Land
Total Size 33.33 x 98 FT
Size of Irregular Land 33.33 x 98 FT

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)