499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7
Dows Lake - Civic Hospital and Area, ON K1S 4N7
Quick cost estimateKnown monthly subtotal$14,016.21 / monthLand transfer tax $45,475One-time estimate
Quick cost estimate
$14,016.21 / monthKnown monthly subtotal
- Mortgage principal & interest
- $11,399.46
- Property tax / month
- $2,616.75
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $45,475
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $45,475
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
One of Ottawa's most distinctive commercial addresses is now available for acquisition. This 1983 church conversion at 499 Preston Street anchors the Little Italy and Dow's Lake corridor, surrounded by the city's densest concentration of restaurants, entertainment venues, and major new condominium development reshaping the entire stretch. The building offers approximately 4,348 square feet on a 50 x 76 foot lot and delivers the kind of presence and character that simply cannot be built from scratch at this price point.The Mainstreet (TM) zoning is one of the most flexible commercial designations in Ottawa, and that is a significant part of the story here. It opens the door to restaurants, bars, entertainment venues, retail, medical and wellness clinics, professional offices, and institutional uses, all permitted within the same envelope. For a buyer with a hospitality or entertainment concept, the location and the zoning are a near-perfect match. Preston Street at Dow's Lake is already one of the city's top dining and entertainment destinations, and this building sits right at its centre. The interior supports ambitious buildouts. Two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and wide open floor plates give any incoming operator a serious head start. Long-term redevelopment potential adds another layer of value for investors thinking beyond the immediate use.Specialised commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified purchasers. Available with vacant possession and ready for your vision.
Home details
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- X13444610
- Source status
- New
- Postal code
- K1S 4N7
- Building area (total)
- 4,348 sq ft
- Lot depth
- 76 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Occupancy
- Owner
- Possession type
- 90+ days
- Garage
- None
- Annual property tax
- 31400.98
- Heating system
- Gas Forced Air Closed
- Cooling
- Yes
- Utility services
- Yes
- Sewer
- Sanitary+Storm
- MLS entry age (not confirmed DOM)
- 145 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Reported utility services
- Yes
- Sewer
- Sanitary+Storm
- Heating system
- Gas Forced Air Closed
- Cooling
- Yes
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
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Room-count details have not been supplied for this listing.
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Listing dates & price record
- Asking amount
- $2,450,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- Ottawa
- Municipality
- Dows Lake - Civic Hospital and Area
- MLS® community
- 4502 - West Centre Town
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Around this property
Schools, transit & everyday places
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Nearby schools
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in 4502 - West Centre Town, Dows Lake - Civic Hospital and Area, Ottawa, Ontario
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
499 Preston Street, Dows Lake - Civic Hospital and Area, ON K1S 4N7, Dows Lake - Civic Hospital and Area is listed for sale as a Commercial Retail. Asking price: $2,450,000. Occupancy is reported as Owner. MLS® X13444610.
Local context
Explore the area: Ottawa · 4502 - West Centre Town.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: SUTTON GROUP - OTTAWA REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13444610. Information deemed reliable but not guaranteed.