499 Preston Street Ottawa, Ontario K1S 4N7

$2,650,000

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. (id:43934)

Business

Name	Collaburo Coworking & Event Space

Property Details

MLS® Number	X13444616
Property Type	Business
Neigbourhood	Centretown West
Community Name	4502 - West Centre Town
Farm Type	Other
Features	Elevator

Building

Age	31 To 50 Years
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Exterior	4348 Sqft
Size Interior	4,348 Sqft
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	76 Ft
Size Frontage	50 Ft
Size Irregular	Bldg=50 X 76 Ft
Size Total Text	Bldg=50 X 76 Ft
Zoning Description	Am - Art. Mainstreet

https://www.realtor.ca/real-estate/29903558/499-preston-street-ottawa-4502-west-centre-town