For Sale

356 Preston Street, Dows Lake - Civic Hospital and Area, Ontario K1S 4M7

$2,599,000

356 Preston Street, Dows Lake - Civic Hospital and Area, Ontario K1S 4M7 is For Sale and has a listing price of 2,599,000. The property is located in the Dows Lake - Civic Hospital and Area . It's been on the website for 40 Days.

  • MLS ID: X12544952
  • Office Name SHAKER REALTY LTD.
Property Description

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
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12544952
  • Price: $2,599,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 98
  • Ref ID: X12544952
  • Dir / Cross St: Preston and Aberdeen
  • Status: Active
  • Tax Year: 2025
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
11/14/2025 X12544952 $2,599,000 For Sale - -
03/07/2025 X12007692 $2,990,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Dows Lake - Civic Hospital and Area
  • $836,701 Average List Price
    based on 1 year
  • 31 New Listings
    based on 30 days
  • 72 Median Days on Market
    based on 1 year
  • List vs. Selling Price 105.44 % Up
  • Sold (12mo) 65
  • Rented (12mo) 45

  • 1 Month Change -38.3%
  • 3 Month Change -
  • 6 Month Change -77.9%
Walkscore
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Y
  • Parking Spaces: N/A
  • Taxes: $23,091
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: 60 days
  • Listing Entry Date: 14/11/2025 15:53:21
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