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$ 75,000
Est. payment /mo
New
424 Preston ST Dows Lake - Civic Hospital And Area, ON K1S 4N2
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision 4502 - West Centre Town
MLS Listing ID X12563664
Annual Tax Amount $924,000
Tax Year 2025
Property Sub-Type Sale Of Business
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 $75,000. 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.
Location
Province ON
County Ottawa
Community 4502 - West Centre Town
Area Ottawa
Zoning Commercial
Interior
Cooling No
Inclusions All Appliances and Chattels and Fixtures Shown at Viewing
Exterior
Parking Features None
Community Features Major Highway
Utilities Available Yes
Building
Lot Description Building
Lited by EXP REALTY
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