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. (id:25961)
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Rooms
| Level | Type | Dimensions |
|---|
Details
- Amenities Nearby: Highway, Public Transit
- Equipment: Water Heater
- Features: Irregular lot size
- Lease: $36
- Lease Per Unit: square feet
- Parking Spaces: 3
- Rental Equipment: Water Heater
- Transaction: For lease
- Zoning Description: TM[78] H(15)
Building
- Cooling: Fully air conditioned
- Fireplace Present: False
- Bathrooms (Total): 4
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1900 sqft
- Utility Water: Municipal water
Land
- Amenities: Highway, Public Transit
- Size Frontage: 26 ft ,3 in
- Size Irregular: 26.28 x 99.88 FT
Listing provided by ROYAL LEPAGE INTEGRITY REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 266 PRESTON STREET N in Ottawa Ontario. It was last modified on October 10th, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.