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$75,000
Ontario,Ottawa
For Sale Active
424 PRESTON STREET, Ottawa, Ontario K1S4N2
  • 2
  • 1,300 Sqft
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Basic Details
Description

INCREDIBLE OPPORTUNITY TO OWN A STUNNING, TURN-KEY RESTAURANT IN THE HEART OF LITTLE ITALY! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. ft. and includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two

washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant Preston Street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (FF&E), valued at $100,000, but offered to purchase for $75,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or Assignment of the Lease. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST w/ 2.5 yrs remaining on lease until Spring 2028; Rent subject to annual Increases. Utilities are separate and paid by Tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. See Sub Lease Listing MLS# X12474426. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12563664
  • Price: $75,000
  • Bathrooms: 2
  • Square Footage: 1,300 Sqft
  • Status: Active
  • Property Sub Type: Business
  • 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:
  • Business Type: Restaurant
  • Lot Size Dimensions: Bldg=25 x 100 FT
Financial
  • Tax Annual Amount: 924000
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Listing updated: 2025-11-22 06:55:43
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Listing Information
  • List Agent Key: 2068790
  • List Office Key: 300468
  • Modification Timestamp: 2025-11-20T20:05:41Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-11-20T19:56:02Z
Powered by REALTOR.ca
Listing updated: 2025-11-22 06:55:43
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