379 Preston Street, Ottawa
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. (id:1945)
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Property details for 379 Preston Street, Ottawa
- Type
- Commercial
- Bathrooms
- 2
- Living Area
- 10,000 square feet
- Lot Size
- 98.42 x 99.5 FT
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
Nearby Listings Stat
Estimated price and comparable properties near 379 Preston Street
Active Listings
132
Min Price
$65,000
Max Price
$1,599,000
Avg Price
$670,140
Days on Market
53
days
Sold Listings
46
Min Sold Price
$334,900
Max Sold Price
$1,240,000
Avg Sold Price
$655,074
Days until Sold
52
days
Neighbourhood Census Data
Ottawa, Ontario
Population
527
Median Age
33.7
Median Income
$41,088
Dwelling Value
$500,011
Housing Tenure
Owners 13%
Renters 88%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.6
Pop. Density: 1,867.5/km²
Avg Shelter Cost: $986/mo
Owners with Mortgage: 42.9%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 33.9%
English only: 61.9%
English and French: 36.2%
Neither: 1%
Median Household Income: $65,152
Median Employment Income: $44,352
Price History
Listed
October 7, 2026
by ROYAL LEPAGE SIGNATURE REALTY
Current Price
$399,000
Type
Commercial
For Sale
Contact Agent Get in touch about 379 Preston Street, Ottawa
RYAN EARL
ROYAL LEPAGE SIGNATURE REALTY
