266 Preston Street N, West Centre Town, ON K1R 7R5
4205 - West Centre Town, West Centre Town · Near Preston and Gladstone · View map
About this home
EXCEPTIONAL TURN-KEY RESTAURANT OPPORTUNITY IN THE HEART OF LITTLE ITALY! Welcome to 266 Preston Street, ideally situated along one of Ottawa's most vibrant and established commercial corridors. This well-maintained property offers excellent street exposure, strong visibility, and an outstanding opportunity for restaurant operators looking to establish or expand their business in a highly desirable location. The main floor features approximately 940 sq. ft. of fully equipped restaurant space, plus an additional 260 sq. ft. of basement storage. The second floor offers a two-bedroom apartment with a kitchen and full bathroom, providing flexible options for residential accommodation, office space, or staff facilities. The building underwent extensive renovations exceeding $450,000 in 2013 and has been well maintained. Conveniently located near the LRT, Dow's Lake, and downtown Ottawa, with ongoing development and intensification throughout the Preston Street corridor. An exceptional opportunity to lease an entire building in one of Ottawa's most recognizable and sought-after neighborhoods. Estimated TMI (2026): $12.95/sq. ft.
The home
- Type
- Commercial retail
- Square footage
- 1900 sq ft
- Bathrooms
- 4
- Lot size
- 26.3 x 99.9 ft
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
Taxes & other
- Property taxes
- $11,809/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Immediate
- Cross street
- Preston and Gladstone
- Neighbourhood
- 4205 - West Centre Town
More
- MLS® number
- X13884444
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
266 Preston Street, West Centre Town, ON K1R 7R5
4205 - West Centre Town, West Centre Town · Near Preston and Gladstone
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Listing history for 266 Preston Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 266 Preston Street N
Answers come straight from this home’s MLS® listing.
How much is 266 Preston Street N listed for, and what would it cost each month?
266 Preston Street N is listed for $36. With 20% down ($7), the mortgage payment would be roughly $0 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $984 a month, all in. That figure is an illustration, not a quote.
Is 266 Preston Street N freehold or a condo, and is there a monthly fee?
266 Preston Street N is a commercial retail in 4205 - West Centre Town, West Centre Town. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 266 Preston Street N have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
What style of home is 266 Preston Street N?
266 Preston Street N is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 266 Preston Street N, and what is the lot size?
The lot is listed as 26.3 x 99.9 ft.
How is 266 Preston Street N heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 266 Preston Street N?
Property taxes are $11,809 a year (2026), or about $984 a month.
Where is 266 Preston Street N?
266 Preston Street N is in the 4205 - West Centre Town community of West Centre Town. The nearest main intersection is Preston and Gladstone. The postal code is K1R 7R5.
Is 266 Preston Street N still for sale?
Yes. It is an active listing (MLS® X13884444). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 266 Preston Street N asking?
Similar properties for sale nearby right now include 266 Preston Street N at $1,149,900, 125 Preston Street at $35 and 3 - 141 PRESTON Street at $35. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 266 Preston Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 266 Preston Street N?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4205 - West Centre Town, picked by style, size and price.
Investment$1,149,900266 Preston Street N, West Centre Town4 bath · 4205 - West Centre TownCourtesy of: ROYAL LEPAGE INTEGRITY REALTYView home →
Commercial retail$35125 Preston Street, West Centre Town4205 - West Centre TownCourtesy of: EXP REALTYView home →
Commercial retail$353 - 141 PRESTON Street, West Centre Town4205 - West Centre TownCourtesy of: ROYAL LEPAGE TEAM REALTYView home →Courtesy of: ROYAL LEPAGE INTEGRITY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.