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.
Address
499 Preston Street
List Price
$2,650,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Dows Lake - Civic Hospital and Area
Sub-Area
4502 - West Centre Town
Region
Ottawa
Lot Size Source
MPAC
Lot Depth
76
Lot Type
Building
Lot Size Units
Feet
Lot Width
50
Parcel Number
041040015
Total Building Area
4348
Occupant Type
Owner+Tenant
Cross Street
Close proximity to the intersection of Carling Avenue and Preston Street.
Approx. Age
31 - 50 Years
MLS® Number
X13444616
Listing Brokerage
SUTTON GROUP - OTTAWA REALTY
Basement
Yes
Postal Code
K1S 4N7
Posession Details
TBD
Tax Amount
$31,400.98
Tax Year
2026
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Sewer
Sanitary+Storm
Business Name
Collaburo Coworking & Event Space