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Saturday, July 11th, 2026

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$65,000
Available - For Sale
Listing ID: X12563664
INCREDIBLE OPPORTUNITY TO OWN A STUNNING, TURN-KEY RESTAURANT IN THE HEART OF LITTLE ITALY! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. ft. and includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant Preston Street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (FF&E), valued at $100,000, but offered to purchase for $65,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or Assignment of the Lease. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST w/ 2.5 yrs remaining on lease until Spring 2028; Rent subject to annual Increases. Utilities are separate and paid by Tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. *PLEASE NOTE THIS LISTING IS CANCELLED AND NO LONGER FOR SALE*
Price $65,000
Minimum Rental Term: 30
Taxes: $924,000
Tax Type: Annual
Occupancy by: Tenant
Address: 424 Preston Street , Dows Lake - Civic Hospital and Area, K1S 4N2, Ottawa
Postal Code: K1S 4N2
Province/State: Ottawa
Directions/Cross Streets: Preston St. south between Norman and Beech
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: With Property
Use: Restaurant
Building Percentage: T
Total Area: 1,300
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Financial Statement: T
Chattels: T
Franchise: F
Hours Open: Wednesd
Employees #: 5
Seats: 35
Maintenance: 0
Sprinklers: No
Outside Storage: F
Heat Type: Gas Forced Air Close
Central Air Conditioning: No
First Name: *
Last Name: *
Phone: *
Email: *
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

424 Preston Street , Dows Lake - Civic Hospital and Area, K1S 4N2, Ottawa

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Sale Of Business
Area: Ottawa
Municipality: Dows Lake - Civic Hospital and Area
Neighbourhood: 4502 - West Centre Town
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Lot Size: x 100.00(Feet)
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Tax: $924,000
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com