Restaurants/Bars

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379 Preston Street
4502 - West Centre Town Dows Lake - Civic Hospital and Area K1S 4N1

$399,000 /For Sale
Commercial

Main Photo: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 1: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 2: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 3: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 4: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 5: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 6: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 7: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 8: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 9: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 10: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 11: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 12: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 13: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 14: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 15: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 16: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 17: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 18: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 19: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 20: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 21: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Photo 22: 379 Preston Street in Dows Lake - Civic Hospital and Area: 4502 - West Centre Town Commercial for sale : MLS®# X13873810
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13873810
Bus Major:
Restaurant
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.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
10000 sq. ft. Square Feet
Total Area:
10,000 sq. ft.
Retail Area:
1000 sq. ft. Sq Ft
Lot Depth:
99'6"
Lot Frontage:
98'5"
Bathrooms:
2.0
Water supply:
Municipal
Zoning:
Business Commercial
Heating type:
Gas Forced Air Closed
Garage:
Plaza
Parking Spaces:
0
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
TMI
Taxes:
$0 / 2025
Assessment:
$- / -
Ottawa
Dows Lake - Civic Hospital and Area
4502 - West Centre Town
None
No
No
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
11:30am - 12am
Employees:
0
Chattels:
Yes
LLBO:
Yes
Outside Storage:
No
Seats:
600
Date Listed:
Oct 07, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated October 8, 2026 at 06:15 AM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.