379 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N1
4502 - West Centre Town, Dows Lake - Civic Hospital and Area · Near Beech St and Preston St · View map
About this home
The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally openedin 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has becomeone of the city's best known sports bar and entertainment destinations. Featuring The Porch onPreston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rareopportunity to acquire a historic and highly profitable hospitality venue with deep roots inthe local community. Currently owned and operated by MRG Group, the business spansapproximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. Theproperty features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainmentprogramming. The business is available with training or can be converted into a differentconcept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rentincluding TMI with lots of term remaining. Positioned in one of Ottawa's most vibrantrestaurant and nightlife districts, this flagship hospitality location benefits fromoutstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership.
The home
- Type
- Sale of business
- Square footage
- 10000 sq ft
- Bathrooms
- 2
- Lot size
- 98.4 x 99.5 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Plaza
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Beech St and Preston St
- Neighbourhood
- 4502 - West Centre Town
More
- MLS® number
- X13873810
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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.
379 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N1
4502 - West Centre Town, Dows Lake - Civic Hospital and Area · Near Beech St and Preston St
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Listing history for 379 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 379 Preston Street
Answers come straight from this home’s MLS® listing.
How much is 379 Preston Street listed for, and what would it cost each month?
379 Preston Street is listed for $399,000. With 20% down ($79,800), the mortgage payment would be roughly $1,609 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,859 a month, all in. That figure is an illustration, not a quote.
Is 379 Preston Street freehold or a condo, and is there a monthly fee?
379 Preston Street is a sale of business in 4502 - West Centre Town, Dows Lake - Civic Hospital and Area. 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 379 Preston Street have a garage and parking?
Yes. The listing shows the garage as plaza. The listing does not include a parking space.
What style of home is 379 Preston Street?
379 Preston Street is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 379 Preston Street, and what is the lot size?
The lot is listed as 98.4 x 99.5 ft.
How is 379 Preston Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
Where is 379 Preston Street?
379 Preston Street is in the 4502 - West Centre Town community of Dows Lake - Civic Hospital and Area. The nearest main intersection is Beech St and Preston St. The postal code is K1S 4N1.
Is 379 Preston Street still for sale?
Yes. It is an active listing (MLS® X13873810). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 379 Preston Street asking?
Similar properties for sale nearby right now include 502 - 111 Champagne Avenue at $384,900 (1 bed), 210 - 111 Champagne Avenue at $369,900 (1 bed) and 1503 - 805 Carling Avenue at $439,000 (1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 379 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 379 Preston Street?
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 4502 - West Centre Town, picked by style, size and price.
Condo apartment$384,900502 - 111 Champagne Avenue, Dows Lake - Civic Hospital and Area1 bed · 1 bath · 4502 - West Centre TownCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Condo apartment$369,900210 - 111 Champagne Avenue, Dows Lake - Civic Hospital and Area1 bed · 1 bath · 4502 - West Centre TownCourtesy of: RE/MAX HALLMARK REALTY GROUPView home →
Condo apartment$439,0001503 - 805 Carling Avenue, Dows Lake - Civic Hospital and Area1 bed · 1 bath · 4502 - West Centre TownCourtesy of: ENGEL & VOLKERS OTTAWAView home →Courtesy of: ROYAL LEPAGE SIGNATURE 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.