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266 Preston Street West Centre Town ON

📍 West Centre Town, Ontario K1R 7R5

$1,250,000

Active
2BATHS
26.28×99.88LOT (FT)
51-99AGE

📋 Listing Highlights

StatusActive
MLS®X13220762
ListedJun 1, 2026
Days on Market—
Property TypeCommercial
StyleInvestment
Cross StreetPreston and Gladstone
Possessionflexible

📝 Listing Description

Turnkey Restaurant & Building for Sale - Prime Ottawa Growth Corridor. Exceptional opportunity to acquire both a long-established restaurant business and the commercial building in one of Ottawa's most rapidly evolving neighborhoods. Kochu Restaurant is a successful, turnkey operation offering 16 seats, a clean and efficient commercial kitchen, professional hood fan system, and a well-maintained dining area. The property underwent a substantial two-story addition in 2013, with many fixtures, equipment, and building components updated at that time. The upper-level apartment provides additional income potential of approximately $2,000 per month, while rear parking offers added convenience. Ideally positioned just steps from the LRT station, near the new Civic Hospital campus currently under development, and close to the proposed future stadium district, this property stands to benefit from significant long-term growth, increased traffic, and ongoing neighborhood investment. Property Features: Building and established restaurant business included. Rear parking. Excellent building condition. High-growth location near major infrastructure projects. An ideal opportunity for owner-operators, investors, or those seeking a strategic holding in a rapidly appreciating area with future redevelopment potential.

🏠 Property Details

Property TypeCommercial
StyleInvestment
Bathrooms2
Approx. Age51-99

📐 Lot & Land

Lot Width26.28 ft
Lot Depth99.88 ft
Lot Size2680 sqft
Cross StreetPreston and Gladstone

🔧 Building & Utilities

HeatingGas Forced Air Closed
CoolingYes
GarageNone

💰 Financial

List Price$1,250,000
Annual Taxes$11,809 (2026)
Possessionflexible

🧮 Mortgage Calculator

$250,000
Est. Monthly Payment
$6,141/mo
Principal: $1,000,000 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by ROYAL LEPAGE INTEGRITY REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13220762 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.