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499 PRESTON STREET, Ottawa, Ontario, K1S 4N7

MLS® # X13444610
Commercial For Sale In Ottawa, Ontario
$2,450,000

None Beds

499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
499 Preston Street, Ottawa, ON
  • Advertising
499 PRESTON STREET, Ottawa, Ontario, K1S 4N7
$2,450,000

Property Information:

One of Ottawa's most distinctive commercial addresses is now available for acquisition. This 1983 church conversion at 499 Preston Street anchors the Little Italy and Dow's Lake corridor, surrounded by the city's densest concentration of restaurants, entertainment venues, and major new condominium development reshaping the entire stretch. The building offers approximately 4,348 square feet on a 50 x 76 foot lot and delivers the kind of presence and character that simply cannot be built from scratch at this price point.The Mainstreet (TM) zoning is one of the most flexible commercial designations in Ottawa, and that is a significant part of the story here. It opens the door to restaurants, bars, entertainment venues, retail, medical and wellness clinics, professional offices, and institutional uses, all permitted within the same envelope. For a buyer with a hospitality or entertainment concept, the location and the zoning are a near-perfect match. Preston Street at Dow's Lake is already one of the city's top dining and entertainment destinations, and this building sits right at its centre. The interior supports ambitious buildouts. Two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and wide open floor plates give any incoming operator a serious head start. Long-term redevelopment potential adds another layer of value for investors thinking beyond the immediate use.Specialised commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified purchasers. Available with vacant possession and ready for your vision. Buyer to verify all measurements and permitted uses. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Floor Space: 4348 sqft Square Feet
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Amenities Nearby: Highway, Public Transit
  • Farm Type: Other
  • Floor Space (approx): 4348 Square Feet
  • Irregular: Yes
  • Lot Depth: 76 Feet
  • Lot Frontage: 50 Feet
  • Lot Size: Bldg=50 x 76 FT
  • Zoning: TM- the Mainstreet Zoning

Courtesy of: SUTTON GROUP - OTTAWA REALTY

REALTOR.ca  

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Sales/Price History

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Market Price Trends

Single family detached

4.97%

Price change (1 year)

26.9%

Price change (5 years)

All Properties

2.69%

Price change (1 year)

24.59%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 499 PRESTON STREET, Ottawa, Ontario, K1S 4N7

Demographic Information of 499 PRESTON STREET, Ottawa, Ontario, K1S 4N7

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$163,256.16

Average Number of Children

1.75

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.36 %

High school certificate or equivalent

24.36 %

Apprenticeship trade certificate/diploma

3.1 %

College/non-university certificate

11.83 %

University certificate (below bachelor)

1.25 %

University Degree

53.09 %

Commuter

Travel To Work

By Car

59.96 %

By Public Transit

12.65 %

By Walking

17.15 %

By Bicycle

4.36 %

By Other Methods

5.88 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.25 %

Houses

33.75 %

Own Vs. Rent

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