Restaurant
Patio
Dining Area
Washroom 1
Washroom 2
Dinning Area
Dining Area
Dining Area
Dining Area
Dining Area
Dining Area
Counter
Service
Basement
Basement
Kitchen
Kitchen
Kitchen
Kitchen
Parking Spots
Parking Spots

121 Preston Street

West Centre Town, ON K1R 7P3

ActiveFor Sale
0 Beds
2 Baths
2,000 Sq Ft
2,384 Lot Sq Ft
Commercial

About This Property

Rent just $2650/month, downtown Ottawa's restaurant is for sale! This is a fantastic business opportunity. The restaurant locates in an excellent place in Ottawa's Little Italy, close to Chinatown, within Ottawa's renowned Asian and Italy dining district. It enjoys a steady flow of customers, offers free parking, and has convenient evening and weekend parking spots. In every summer, during the Italian Food Festival, stalls can be set up on the roadside in front of the restaurant to sell food. Additionally, there is a patio outside of the restaurant. The planned newly built Ottawa Senators stadium just nearby walking distance is expected to bring a significant increase in foot traffic. The kitchen and dining area are fully equipped and ready for immediate use(including value $50000 range hood). The restaurant has received high ratings on Google and has been featured in media outlets such as the Ottawa Citizen and CTV. This is an excellent opportunity to own a well-known restaurant(you can use your brand and food style) in the heart of Ottawa's vibrant dining district, with lowest rent and a large of fixed takeout customers. It is wonderful chance for long time investment( First lease can be five years then extension every five years with competitive rent).

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size2,000 sq ft
Lot Size2,384 sq ft
Bedrooms0
Bathrooms2
Postal CodeK1R 7P3
Last UpdatedAug 8, 2026 · 8:01 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12934682

Listed by COLDWELL BANKER FIRST OTTAWA REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$100,000

asking price

MLS®X12934682
TypeCommercial
CityWest Centre Town
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$488

/month · $80,000 mortgage

Down Payment20% — $20,000
Interest Rate5.5%

Amortization

Total Interest

$66,494

Total Cost

$146,494

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

COLDWELL BANKER FIRST OTTAWA REALTY