We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
424 PRESTON STREET, Ottawa
2025-11-20
Quick Summary
- Location
- 424 PRESTON STREET, Ottawa, Ontario K1S4N2
- Price
- $65,000
- Status:
- For Sale
- Property Type:
- Business
- Area:
- 1300 sqft
- Bathrooms:
- 2
MLS®#X12563664
Property 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. *PLEASE NOTE THIS LISTING IS CANCELLED AND NO LONGER FOR SALE* (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Highway
Building
- Appliances: All
- Cooling Type: None
- Fireplace: No
- Interior Size: 1300 sqft
- Utility Water: Municipal water
Land
- Land Size: Bldg=25 x 100 FT
Zoning
- Description: Commercial
Information entered by EXP REALTY
Listing information last updated on: 2026-01-08 17:53:00
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
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One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Sheila Forward-Davis REALTOR®
- Phone:
- (613) 883-8098
- Mobile:
- (613) 883-8098
- Email:
- sheila.forwarddavis@gmail.com
- Support Area:
- Ottawa, Kanata, Manotick
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Full ProfileJay Terris Salesperson
- Phone:
- (613) 355-7295
- Email:
- jdterris@gmail.com
- Support Area:
- Stonebridge, Manotick, Westboro, Kanata, Greely, Nepean, Hunt Club South, Barrhaven, Riverside South, Stittsville, Richmond, Bells Corners, Findlay Creek, Leitrim, Country Place, Pineglen, Ottawa
I offer 1% CASH BACK REBATE* On Home Purchases My mission is to represent ...
Full ProfileSergiu Buhatel Broker
- Phone:
- (613) 724-8815
- Email:
- sergiu.buhatel@gmail.com
- Support Area:
- Ottawa, Nepean, Barrhaven, Findlay Creek, Blossom Park, Orleans, Kanata, Riverside South, Cumberland, Rockland, Manotick, Stittstville, Cornwall, Perth
Sergiu has been a licensed Realtor® since 2012 and earned his Broker designation in 2015. He h ...
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