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356 Preston Street, Ottawa, ON 14 photos

$2,599,000

Active
356 Preston Street, Ottawa, ON· West Centre Town
2800
Sq Ft

About this Property

  • 2800 sq ft of interior space including useable mezzanine plus small office/apartment on 2nd floor
  • Building has even completely renovated over the past 15 years

Exceptional Opportunity to own a single use building in a PRIME location in the Heart of Little Italy!!! Occupied by the established and successful La Favorita Restaurant. Building is for sale for owner occupier (with 6-12 months notice) OR a new net lease back option providing a great income/stability for a new building investor. Building has even completely renovated over the past 15 years. Large outdoor patio on the property. 2800 sq ft of interior space including useable mezzanine plus small office/apartment on 2nd floor. High Ceilings provide an impressive "wow factor" as you walk into the space. Located across from the largest office/retail/residential complex on Preston Street - Preston Square. The area is experiencing vast growth and development with many new high rise condo/apartments, the future Ottawa Hospital Campus at Preston & Carling and future home of the Ottawa Senators New NHL Arena at Lebreton Flats.

Listed by SHAKER REALTY LTD. · MLS# X12544952

Features & Details

Property details of 356 Preston Street, Ottawa, ON

Property TypeCommercial Retail
StyleRetail
Size2800 sq ft

Mortgage Calculator

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%
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Mortgage Payment$12,768/monthly
Principal54%
Interest46%
Principal Amount$2,079,200
Interest$1,751,232
Total Payable$3,830,432
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$12,768
Mortgage + Expenses$12,768
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$
$
$
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Monthly Cash Flow-$12,768

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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