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449 Preston St 2,005 SF 100% Leased Retail Building Ottawa, ON K1S 4N5 $950,000 CAD ($473.82 CAD/SF)
Investment Highlights
- Located in the vibrant Centretown West neighborhood, just steps from the iconic Claridge and Soho developments.
- Positioned in close proximity to the planned Ottawa Hospital campus, enhancing future growth and redevelopment opportunities.
- Features a successful ground-floor restaurant and one-bedroom apartment generating approximately $60,000 in annual net operating income.
- Offers convenient access to public transit and boasts exceptional walk and bike scores, ensuring connectivity for residents and patrons.
Executive Summary
Prime Location on Preston Street one block from Claridge's ICON Building, Soho Italia Building and very close to Dow's Lake LRT Station and future Ottawa Hospital. Commercial/Residential building. Restaurant on ground floor + 1 bedroom apartment above. Approx. 1600 sq ft including finished basement. NOI: approx. $57k/annum. Potential future development while earning income from existing tenants. Ideal as an investment property. (
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
$950,000 CAD
Price Per SF
$473.82 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
MS1[86] H(19.5)
Frontage
20’ on Preston St
Amenities
- Bus Line
- Signage
- Signalized Intersection
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
1 of 4
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449 Preston St
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