Mirna Botros
613-600-2626266 Preston Street - $1,200,000
266 Preston Street - $1,200,000
266 Preston Street
$1,200,000
4205 - West Centre Town
Ottawa, OntarioK1R7R5
0 beds
4 baths
3 parking
MLS#: X13639936Listed: about 2 months agoUpdated:28 days ago
Description
Prime mixed-use opportunity in the heart of Little Italy! Welcome to 266 Preston Street, ideally located along one of Ottawa's most vibrant and established commercial corridors. Excellent street presence and visibility, surrounded by restaurants, cafés, shops, residential developments and neighborhood amenities. The main-floor commercial space is currently configured as a turnkey restaurant, providing an excellent opportunity for an operator to establish or expand a food-service business with much of the existing infrastructure already in place. The versatile commercial layout could also be reimagined for other uses, potentially including a medical or wellness clinic, professional offices, convenience store, specialty retail, personal services, showroom or other commercial concepts, subject to zoning and approvals. Zoned Traditional Mainstreet (TM), the property offers flexibility to retain the existing restaurant operation or renovate and reposition the space for a different business model. The upper-level residential unit provides an additional income stream, with estimated rental potential of approximately $2,000/month, or could provide convenient accommodation for an owner-operator. Located close to the LRT, Dow's Lake and downtown Ottawa, with continued growth and intensification along Preston Street, this property offers strong long-term potential in one of Ottawa's most recognizable neighborhoods. Vendor Takeback (VTB) available - up to 25% of purchase price. Proposed as a second mortgage behind institutional financing, with a 2-3 year term, interest rate of approximately 6%-8% (negotiable), interest-only payments preferred and balloon payment at maturity. Flexible terms may be considered based on buyer qualifications. Whether you're seeking a turnkey restaurant, commercial space for a new business, conversion opportunity or mixed-use investment, 266 Preston Street offers location, visibility, flexibility and financing options. (id:58075)Details
Details for 266 Preston Street, Ottawa, Ontario- Property Type
- Business
- Building Type
- -
- Storeys
- -
- Neighborhood
- 4205 - West Centre Town
- Land Size
- 26.28 x 99.88 FT
- Year Built
- -
- Annual Property Taxes
- $11,809
- Parking Type
- -
Inside
- Appliances
- -
- Rooms
- -
- Bedrooms
- -
- Bathrooms
- 4
- Fireplace
- -
- Fireplace Total
- -
- Basement
- -
Building
- Architecture Style
- -
- Direction
- Cross Streets: Preston and Gladstone. ** Directions: Carling to Preston at Gladstone.
- Type of Dwelling
- -
- Roof
- -
- Exterior
- -
- Foundation
- -
- Flooring
- -
Land
- Sewer
- -
- Lot Size
- 26.28 x 99.88 FT
- Zoning
- -
- Zoning Description
- TM[78] H(15)
Parking
- Features
- -
- Total Parking
- 3
Utilities
- Cooling
- Fully air conditioned
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- Irregular lot size
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 266 Preston Street, Ottawa, OntarioMap
Mirna Botros RealtorCopyright 2026