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$2,599,000

356 PRESTON STREET

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Beds

Baths

Sqft

Year

Type

Retail

Suite

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ottawa. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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. (id:65958)

Subtype
Retail
Community
4502 - West Centre Town
Living area
2,800 square feet
Lot dimensions
33.33 x 98 FT
On market
Nov 14, 2025
Status changed
Apr 24, 2026
Annual tax
$23,091.43 (2025)
Zoning
TM[78] H(15)
Photos
14
MLS#
X12544952
Area
OTTAWA

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Mortgage estimate

Estimated $10,535/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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