424 Preston Street,Dows Lake - Civic Hospital and A, ON K1S 4N2
Dows Lake - Civic Hospital and A, ON K1S 4N2
Description
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. See Sub Lease Listing MLS# X12474426.
Details
| MLS # | X12563664 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 275 |
| Listing Provided By | EXP REALTY | X12563664 488711 |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 1,300 |
| Acreage | 0.03 |
Interior
| Cooling | No |
|---|
Exterior
| Community Features | Major Highway |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 924000 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Dows Lake - Civic Hospital and A |
| Postal Code | K1S 4N2 |
| Area | 4502 West Centre Town |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | Dows Lake - Civic Hospital and A |
| Postal Code | K1S 4N2 |
| Area | 4502 West Centre Town |