499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
4502 - West Centre Town, Dows Lake - Civic Hospital and Area · Near Close proximity to the intersection of Carling Avenue and Preston Street. · View map
About this home
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.
The home
- Type
- Sale of business
- Square footage
- 4348 sq ft
- Lot size
- 50 x 76 ft
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $31,401/yr
- Tax year
- 2026
- Occupancy
- Owner+Tenant
- Possession
- TBD
- Cross street
- Close proximity to the intersection of Carling Avenue and Preston Street.
- Neighbourhood
- 4502 - West Centre Town
More
- MLS® number
- X13444616
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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.
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
4502 - West Centre Town, Dows Lake - Civic Hospital and Area · Near Close proximity to the intersection of Carling Avenue and Preston Street.
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Listing history for 499 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 499 Preston Street
Answers come straight from this home’s MLS® listing.
How much is 499 Preston Street listed for, and what would it cost each month?
499 Preston Street is listed for $2,650,000. With 20% down ($530,000), the mortgage payment would be roughly $10,689 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $13,306 a month, all in. That figure is an illustration, not a quote.
Is 499 Preston Street freehold or a condo, and is there a monthly fee?
499 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 499 Preston Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 499 Preston Street?
499 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 499 Preston Street, and what is the lot size?
The lot is listed as 50 x 76 ft.
How is 499 Preston Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 499 Preston Street?
Property taxes are $31,401 a year (2026), or about $2,617 a month.
Where is 499 Preston Street?
499 Preston Street is in the 4502 - West Centre Town community of Dows Lake - Civic Hospital and Area. The nearest main intersection is Close proximity to the intersection of Carling Avenue and Preston Street.. The postal code is K1S 4N7.
Is 499 Preston Street still for sale?
Yes. It is an active listing (MLS® X13444616). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 499 Preston Street asking?
Similar properties for sale nearby right now include 499 Preston Street at $2,450,000, 2 - 59 W Champagne Avenue S at $2,899,900 and 59 Champagne Avenue S at $2,899,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 499 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 499 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.
Commercial retail$2,450,000499 Preston Street, Dows Lake - Civic Hospital and Area4502 - West Centre TownCourtesy of: SUTTON GROUP - OTTAWA REALTYView home →
Commercial retail$2,899,9002 - 59 W Champagne Avenue S, Dows Lake - Civic Hospital and Area4502 - West Centre TownCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Sale of business$2,899,90059 Champagne Avenue S, Dows Lake - Civic Hospital and Area4502 - West Centre TownCourtesy of: ROYAL LEPAGE TEAM REALTYView home →Courtesy of: SUTTON GROUP - OTTAWA 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.