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356 Preston Street

Dows Lake - Civic Hospital and Area, ON K1S 4M7

ActiveFor Sale
0 Beds
0 Baths
2,800 Sq Ft
3,266 Lot Sq Ft
Commercial

About This Property

Exceptional Opportunity to own a single use building in a PRIME location in the Heart of Little Italy!!! Occupied by the established and successful La Favorita Restaurant. Building is for sale for owner occupier (with 6-12 months notice) OR a new net lease back option providing a great income/stability for a new building investor. Building has even completely renovated over the past 15 years. Large outdoor patio on the property. 2800 sq ft of interior space including useable mezzanine plus small office/apartment on 2nd floor. High Ceilings provide an impressive "wow factor" as you walk into the space. Located across from the largest office/retail/residential complex on Preston Street - Preston Square. The area is experiencing vast growth and development with many new high rise condo/apartments, the future Ottawa Hospital Campus at Preston & Carling and future home of the Ottawa Senators New NHL Arena at Lebreton Flats.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size2,800 sq ft
Lot Size3,266 sq ft
Bedrooms0
Bathrooms0
Postal CodeK1S 4M7
Last UpdatedAug 8, 2026 · 8:02 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12544952

Listed by SHAKER REALTY LTD.

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.

$2,599,000

asking price

MLS®X12544952
TypeCommercial
CityDows Lake - Civic Hospital and Area
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$12,691

/month · $2,079,200 mortgage

Down Payment20% — $519,800
Interest Rate5.5%

Amortization

Total Interest

$1,728,178

Total Cost

$3,807,378

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

Full Mortgage Calculator →

Listed By

SHAKER REALTY LTD.