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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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356 Preston Street Dows Lake - Civic Hospital, Ottawa
For SaleDows Lake - Civic Hospital and Area

356 Preston Street Dows Lake - Civic Hospital, Ottawa, Commercial Retail for Sale

MLS® X12544952

Dows Lake - Civic Hospital, Ottawa, ON

360 days on market
$2,599,000
Show on Map
Show on Map
N/ABeds
N/ABaths
2,800Sqft
N/AParking
Commercial Retail

Overview· 356 Preston Street Dows Lake - Civic Hospital, Ottawa

MLS® #X12544952

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.

Broker

SHAKER REALTY LTD.

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Schools7711 schools within 1.5 km · nearest 302 m11 schools within 1.5 km · nearest 302 m
Parks708 parks within 1 km · nearest 25 m8 parks within 1 km · nearest 25 m
Convenience6822 groceries, cafes and pharmacies within 1 km · nearest 27 m22 groceries, cafes and pharmacies within 1 km · nearest 27 m
Safety—Crime data covers Toronto onlyCrime data covers Toronto only

Highlights & Amenities· 356 Preston Street Dows Lake - Civic Hospital, Ottawa

Source: MLS® listing data
356 Preston Street Dows Lake - Civic Hospital, Ottawa

Commercial Retail

356 Preston Street Dows Lake - Civic Hospital, Ottawa

Dows Lake - Civic Hospital and Area

Type

Commercial Retail

Parking

None

Property Tax

~$23,091/yr

Heating

Gas Forced Air Open

Buying Essentials

Square Feet

2800 sqft

Parking

None

Finances

List Price

$2,599,000

Price per SQFT

$928/sqft

Property Tax

~$23,091/yr

Property Specs

Property Type

Commercial Retail

MLS Size

2800 sqft

Living & Amenities

Heating Type

Gas Forced Air Open

Policies & Utilities

Neighbourhood

Dows Lake - Civic Hospital and Area

Listed On

Nov 13, 2025

Price & Listing History

Days on Market

Current: 360 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Schools closest to 356 Preston Street Dows Lake - Civic Hospital, Ottawa.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$10,454/mo
Property Tax$1,924/mo
Total Monthly$12,378

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0