266 Preston St N is a 4-bathroom retail in West Centre Town, listed for $36.
1Exceptional turn-key restaurant opportunity in the heart of little italy!
2The main floor features approximately 940 sq. ft. of fully equipped restaurant space, plus an additional 260 sq. ft. of basement storage.
3The second floor offers a two-bedroom apartment with a kitchen and full bathroom, providing flexible options for residential accommodation, office space, or staff facilities.
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4 Bath Commercial Property in West Centre Town
About 266 Preston Street North
Exceptional turn-key restaurant opportunity in the heart of little italy! Welcome to 266 Preston Street, ideally situated along one of Ottawa's most vibrant and established commercial corridors. This well-maintained property offers excellent street exposure, strong visibility, and an outstanding opportunity for restaurant operators looking to establish or expand their business in a highly desirable location. The main floor features approximately 940 sq. ft. of fully equipped restaurant space, plus an additional 260 sq. ft. of basement storage. The second floor offers a two-bedroom apartment with a kitchen and full bathroom, providing flexible options for residential accommodation, office space, or staff facilities. The building underwent extensive renovations exceeding $450,000 in 2013 and has been well maintained. Conveniently located near the LRT, Dow's Lake, and downtown Ottawa, with ongoing development and intensification throughout the Preston Street corridor. An exceptional opportunity to lease an entire building in one of Ottawa's most recognizable and sought-after neighborhoods. Estimated TMI (2026): $12.95/sq. ft.
West Centre Town retail priced at $36 — book a tour to see if it fits your search.Ask Zara a follow-up
Inside 266 Preston St N
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
2680
Listing & possession
Property class
Commercial Retail
266 Preston St N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13884444$36
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 266 Preston St N Compares to the West Centre Town Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
West Centre Town market, last 90 days
Median sold price
$660,000
Average sold price
$658,062
Average days on market
33
Homes sold
61
Closed sales on the TRREB MLS®.
Living in West Centre Town: Location & Amenities
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 266 Preston St N. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 266 Preston St N
Market pulse · West Centre Town
Median sold price$660,000Last 90 days
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.5%On average, homes sold below asking.
Active listings108Homes for sale here right now.
Median vs prior 90 days−5.7%Compared with Apr 13 – Jul 12, 2026: prices down.
Based on 61 sales from Jul 12 – Oct 10, 2026 (50 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
266 Preston St N is listed at $36 (MLS® X13884444). Summitly updates the price as soon as the MLS® record changes.
Has the price of 266 Preston St N changed?
No — 266 Preston St N is still listed at its original asking price of $36.
How many bedrooms and bathrooms does 266 Preston St N have?
266 Preston St N has 4 bathrooms. It is a commercial property in West Centre Town.
Is 266 Preston St N close to transit?
The nearest rapid-transit station is Corso Italia Station (O-Train Line 2), about 180 m (about a 2-minute walk) in a straight line. Dow's Lake Station is about 790 m (about a 10-minute walk), and Bayview Station is about 960 m (about a 12-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 266 Preston St N compare with other homes in West Centre Town?
Its asking price of $36 is about 100% below the median sold price in West Centre Town over the last 90 days, $660,000, across 61 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 266 Preston St N been sold before?
Summitly has no earlier MLS® sale or lease of 266 Preston St N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 266 Preston St N?
266 Preston St N is in West Centre Town, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 266 Preston St N been on the market?
266 Preston St N was listed today (October 10, 2026).
What is the land transfer tax on 266 Preston St N?
About $0 in Ontario land transfer tax at the asking price of $36. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 266 Preston St N or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 266 Preston St N?
The listing for 266 Preston St N doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for West Centre Town.
When was 266 Preston St N built?
The listing for 266 Preston St N doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
