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121 Preston Street, Ottawa, ON 21 photos

$100,000

Active
121 Preston Street, Ottawa, ON· West Centre Town
2
Bathrooms
2000
Sq Ft

About this Property

  • It enjoys a steady flow of customers, offers free parking, and has convenient evening and weekend parking spots

Rent just $2650/month, downtown Ottawa's restaurant is for sale! This is a fantastic business opportunity. The restaurant locates in an excellent place in Ottawa's Little Italy, close to Chinatown, within Ottawa's renowned Asian and Italy dining district. It enjoys a steady flow of customers, offers free parking, and has convenient evening and weekend parking spots. In every summer, during the Italian Food Festival, stalls can be set up on the roadside in front of the restaurant to sell food. Additionally, there is a patio outside of the restaurant. The planned newly built Ottawa Senators stadium just nearby walking distance is expected to bring a significant increase in foot traffic. The kitchen and dining area are fully equipped and ready for immediate use(including value $50000 range hood). The restaurant has received high ratings on Google and has been featured in media outlets such as the Ottawa Citizen and CTV. This is an excellent opportunity to own a well-known restaurant(you can use your brand and food style) in the heart of Ottawa's vibrant dining district, with lowest rent and a large of fixed takeout customers. It is wonderful chance for long time investment( First lease can be five years then extension every five years with competitive rent).

Listed by COLDWELL BANKER FIRST OTTAWA REALTY · MLS# X12934682

Features & Details

Property details of 121 Preston Street, Ottawa, ON

Property TypeSale Of Business
StyleWithout Property
Size2000 sq ft
Total ParkingReserved/Assignd

Mortgage Calculator

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Mortgage Payment$491/monthly
Principal54%
Interest46%
Principal Amount$80,000
Interest$67,381
Total Payable$147,381
Amortization25 years

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

Cash Flow Analysis

Mortgage payment$491
Mortgage + Expenses$491
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$
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Monthly Cash Flow-$491

* 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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