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.
Address
356 Preston Street
List Price
$2,599,000
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Dows Lake - Civic Hospital and Area
Sub-Area
4502 - West Centre Town
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
98
Lot Type
Lot
Lot Size Units
Feet
Lot Width
33.33
Parcel Number
041060129
Total Building Area
2800
Occupant Type
Owner
Cross Street
Preston and Aberdeen
MLS® Number
X12544952
Listing Brokerage
SHAKER REALTY LTD.
Postal Code
K1S 4M7
Posession Details
60 days
Tax Amount
$23,091.43
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Security Features
No