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254 Preston St 3,000 SF of Office Space Available in Ottawa, ON K1R 7R4
Highlights
- Prime location in the heart of Ottawa’s Little Italy along the highly visible and well-traveled Preston Street.
- Excellent access to public transit, the O-Train, and downtown Ottawa.
- Steps from renowned restaurants, cafés, shops, and everyday neighborhood amenities.
- Strong potential for residential, commercial, or mixed-use opportunities, subject to zoning.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 3,000 SF | 2-3 Years | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $60,000 CAD/YR $5,000 CAD/MO | Triple Net (NNN) |
2nd Floor
Prime 2nd level space office space available in the Heart of Little Italy. This highly visible unit offers unbeatable exposure at the intersection of Preston Street and Gladstone Avenue, in the vibrant core of Little Italy. Surrounded by hundreds of local amenities, this location is ideal for drawing in both pedestrian and vehicular traffic. Key features include expansive windows on two sides flood the space with natural light, excellent foot traffic and street presence. Surrounded by restaurants, shops, cafés, and cultural attractions. This is your chance to plant roots in one of Ottawa's most dynamic neighborhoods.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 8 - 24 People
- Central Air and Heating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 254 Preston St, Ottawa, ON K1R 7R4
- Tenant
- Description
- CAN Locations
- Reach
- Trattoria Caffe Italia
- Restaurant
- 1
- -
| Tenant | Description | CAN Locations | Reach |
| Trattoria Caffe Italia | Restaurant | 1 | - |
Property Facts
| Total Space Available | 3,000 SF | Gross Leasable Area | 10,026 SF |
| Property Type | Retail | Year Built | 1922 |
| Property Subtype | Restaurant |
| Total Space Available | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,026 SF |
| Year Built | 1922 |
About the Property
Located in the heart of Ottawa’s vibrant Little Italy, 254 Preston Street offers a prime urban property in one of the city’s most dynamic and walkable corridors. Surrounded by popular restaurants, cafés, boutique shops, and everyday amenities, the property benefits from exceptional visibility and strong pedestrian traffic along Preston Street. With close proximity to downtown Ottawa, public transit, and the O-Train, the location provides excellent connectivity while maintaining a lively neighborhood feel. Whether suited for residential, mixed-use, or commercial purposes (subject to zoning), 254 Preston Street represents a compelling opportunity in a highly sought-after and continuously evolving area of the city.
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Roof Terrace
Nearby Major Retailers
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254 Preston St
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