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$2,650,000
Available - For Sale
Listing ID: X13444616
A rare going-concern opportunity in one of Ottawa's most recognizable buildings. This landmark 1983 church conversion at 499 Preston Street sits at the heart of Little Italy and the Dow's Lake entertainment corridor, one of the city's most trafficked and culturally vibrant stretches. The property spans approximately 4,348 square feet on a 50 x 76-foot lot with Mainstreet (TM) zoning and offers the kind of visibility that most commercial operators spend years trying to earn. What makes this exceptional is what comes with the building. The business is established, operational, and generating revenue with an active client base and multi-year contracts already in place. The books are open for qualified buyers to review, and current ownership is committed to a proper transition. Run it as is, scale it, or bring your own vision entirely. For the right entrepreneur, this is not a startup. It is a running operation with infrastructure, clientele, and cash flow from day one. The space is purpose-built for collaboration and hospitality. Features include two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and expansive open-concept areas suited to events, wellness, professional services, or creative industries. Mainstreet zoning supports retail, restaurant, medical, office, and institutional uses. Steps from Dow's Lake, the Civic Hospital, and the luxury condominium developments reshaping this corridor, the location is only gaining momentum. Specialized commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified buyers. Buyer to verify all measurements and permitted uses.
Price $2,650,000
Taxes: $31,400.98
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Owner+T
Address: 499 Preston Street , Dows Lake - Civic Hospital and Area, K1S 4N7, Ottawa
Postal Code: K1S 4N7
Province/State: Ottawa
Directions/Cross Streets: Close proximity to the intersection of Carling Avenue and Preston Street.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: With Property
Use: Other
Building Percentage: T
Total Area: 4,348
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 31-50
Business/Building Name: Collaburo Coworking & Event Space
Financial Statement: T
Chattels: T
Franchise: F
Days Open: V
Hours Open: Mon- Fr
Employees #: 1
Seats: 0
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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SUTTON GROUP - OTTAWA REALTY

499 Preston Street , Dows Lake - Civic Hospital and Area, K1S 4N7, Ottawa

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Sale Of Business
Area: Ottawa
Municipality: Dows Lake - Civic Hospital and Area
Neighbourhood: 4502 - West Centre Town
Style:
Lot Size: x 76.00(Feet)
Approximate Age: 31-50
Tax: $31,400.98
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908