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Royal LePage Signature Connect.ca Realty logo

Ryan Coyle

Broker of Record

Royal LePage Signature Connect.ca Realty

495 Wellington Street West Suite 100

Phone: 416-800-9272

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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MLS# X12544952West Centre Town, Ottawa · K1S 4M7
For SaleCommercial Retail

356 Preston Street

$2,599,000
2,800 sqft$928/sq ft157d on market
MLS# X12544952West Centre Town, Ottawa · K1S 4M7
For SaleCommercial Retail

356 Preston Street

$2,599,000

$928/sq ft · 157 days on market

Bedrooms
—
Size
2,800 sq ft
Parking
None

Listing History — This Unit

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Nov 14, 2025(5mo ago)·157 DOM
$2,599,000
Active
SHAKER REALTY LTD.
X12544952Current
Jan 01, 2024
$000,000Terminated

(Sign-in required)

Jan 01, 2024
$000,000Terminated

(Sign-in required)

Jan 01, 2024
$000,000Terminated

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About This Listing

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.

Property Details

MLS NumberX12544952
Property TypeCommercial Retail
StyleRetail
Listing TypeFor Sale
StatusActive
Size2,800 sq ft
Parking Spaces0
Parking TypeNone
Property Tax$23,091.43/yr
Days on Market157
Listed2025-11-14
CommunityWest Centre Town
MunicipalityOttawa
Cross StreetPreston and Aberdeen

Location & nearby

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356 Preston Street

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Listing provided by SHAKER REALTY LTD.

Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.

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MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: April 19, 2026 at 09:43 p.m.