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449 Preston St
Ottawa, ON K1S 4N5
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Mixed-use property featuring a ground-floor restaurant and a one-bedroom apartment above.
- Generates approximately $60,000 in annual NOI with strong income and future development potential.
- Approx. 1,600 sq ft of total space, including a finished basement.
- Prime location on Preston Street, just steps from Claridge’s ICON, the Soho Building, and the future Ottawa Hospital.
EXECUTIVE SUMMARY
Located just one block from Claridge’s ICON and the Soho Building—and in close proximity to the future Ottawa Hospital—this mixed-use commercial/residential property offers strong visibility and long-term potential. The building features a restaurant on the ground floor and a one-bedroom apartment above, with approximately 1,600 sq ft of space including a finished basement. The property generates a net operating income of approximately $60,000 annually, making it an excellent income-producing asset with future development potential in a rapidly evolving area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,005 SF
Building Class
C
Year Built
2000
Price
$900,000 CAD
Price Per SF
$448.88 CAD
Cap Rate
6.67%
NOI
$60,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Frontage
20’ on Preston St
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
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