379 Preston Street,Dows Lake - Civic Hospital and A, ON K1S 4N1
Dows Lake - Civic Hospital and A, ON K1S 4N1
Description
The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally openedin 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has becomeone of the city's best known sports bar and entertainment destinations. Featuring The Porch onPreston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rareopportunity to acquire a historic and highly profitable hospitality venue with deep roots inthe local community. Currently owned and operated by MRG Group, the business spansapproximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. Theproperty features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainmentprogramming. The business is available with training or can be converted into a differentconcept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rentincluding TMI with lots of term remaining. Positioned in one of Ottawa's most vibrantrestaurant and nightlife districts, this flagship hospitality location benefits fromoutstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership.
Details
| MLS # | X13873810 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 12 |
| Listing Provided By | ROYAL LEPAGE SIGNATURE REALTY | X13873810 572002 |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 10,000 |
| Acreage | 0.23 |
Interior
| Cooling | Yes |
|---|
Utilities
| Utilities | Available |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|---|
| Tax Type | TMI |
| Tax Legal Description | LTS 11, 12 & 13 & PT LT 46, PL 194250 , AS IN CR405112 ; OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Dows Lake - Civic Hospital and A |
| Postal Code | K1S 4N1 |
| Area | 4502 West Centre Town |
| Listing VS Median (in K1S 4N1) | |
Price: $399,000 low | high Med: $399,000 sqft: 10,000 low | high Med: 10,000 $ / sqft: $40 low | high Med: $40 On site: 12 low | high Med: 12 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Dows Lake - Civic Hospital and A |
| Postal Code | K1S 4N1 |
| Area | 4502 West Centre Town |
| Listing VS Median (in K1S 4N1) | |
Price: $399,000 low | high Med: $399,000 sqft: 10,000 low | high Med: 10,000 $ / sqft: $40 low | high Med: $40 On site: 12 low | high Med: 12 | |