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MLS® X13444616
Dows Lake - Civic Hospital, Ottawa, ON
A rare going-concern opportunity in one of Ottawa's most recognizable buildings. This landmark 1983 church conversion at 499 Preston Street sits at the heart of Little Italy and the Dow's Lake entertainment corridor, one of the city's most trafficked and culturally vibrant stretches. The property spans approximately 4,348 square feet on a 50 x 76-foot lot with Mainstreet (TM) zoning and offers the kind of visibility that most commercial operators spend years trying to earn. What makes this exceptional is what comes with the building. The business is established, operational, and generating revenue with an active client base and multi-year contracts already in place. The books are open for qualified buyers to review, and current ownership is committed to a proper transition. Run it as is, scale it, or bring your own vision entirely. For the right entrepreneur, this is not a startup. It is a running operation with infrastructure, clientele, and cash flow from day one. The space is purpose-built for collaboration and hospitality. Features include two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and expansive open-concept areas suited to events, wellness, professional services, or creative industries. Mainstreet zoning supports retail, restaurant, medical, office, and institutional uses. Steps from Dow's Lake, the Civic Hospital, and the luxury condominium developments reshaping this corridor, the location is only gaining momentum. Specialized commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified buyers.
Inclusions
a list of assests to be given at a the time of offers
Exclusions
a list to be provided
Broker
SUTTON GROUP - OTTAWA REALTY
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Sale Of Business
499 Preston Street Dows Lake - Civic Hospital, Ottawa
Dows Lake - Civic Hospital and Area
Built
31-50
Type
Sale Of Business
Parking
None
Property Tax
~$31,401/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
4348 sqft
Parking
None
Finances
List Price
$2,650,000
Price per SQFT
$609/sqft
Property Tax
~$31,401/yr
Property Specs
Property Type
Sale Of Business
MLS Size
4348 sqft
Age of Building
31-50
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Dows Lake - Civic Hospital and Area
Listed On
Jun 15, 2026
Days on Market
Current: 145 days
Room information is not available for this listing.
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