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$4,200
Ontario,Ottawa
For Sale Active
424 PRESTON STREET, Ottawa, Ontario K1S4N2
  • 1,300 Sqft
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Basic Details
Description

INCREDIBLE OPPORTUNITY TO TAKE OVER A STUNNING AND FULLY EQUIPPED RESTAURANT IN THE HIGHLY SOUGHT AFTER – HEART OF LITTLE ITALY! This space is offered as a 2.5-year sublease or preferably as an ASSIGNMENT, with the option to negotiate a new long-term lease, this 1,300 sq. ft. space features a functional and fully equipped kitchen, seating for approx. 35 guests,

a large and trendy fully stocked bar, 2 large washrooms, an additional prep and storage space in the basement, and separate back entrance to 3-car parking. Located on tourist-friendly Preston Street, surrounded by plenty of established restaurants, and retail, government offices and residential towers; this location provides excellent exposure and steady foot traffic. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST. Utilities are separate. All potential tenants must purchase the restaurant assets for $75,000 and provide proof of restaurant experience and financial capability. See Attached Feature Sheet for All Assets Included in the Purchase Price. This property can also be offered as a sale of business. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12474426
  • Price: $4,200
  • Square Footage: 1,300 Sqft
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 300468
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Ottawa, K1S4N2
  • Street: Preston
  • Street Number: 424
  • Street Suffix: Street
  • Longitude: W76° 17' 25.7''
  • Latitude: N45° 24' 0.3''
Additional Information
  • Water Source:
  • Lot Size Dimensions: Unit=25 x 100 FT
Financial
  • Tax Annual Amount: 16607
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Listing updated: 2025-11-23 08:02:14
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Listing Information
  • List Agent Key: 2068790
  • List Office Key: 300468
  • Modification Timestamp: 2025-11-20T18:35:57Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-11-20T18:24:54Z
Powered by REALTOR.ca
Listing updated: 2025-11-23 08:02:14

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