$549,000
75 Eccles Street
West Centre Town, Ottawa
- 3 bd
- 2 ba
- Row / Townhouse
1 / 22
$399,000
379 Preston Street
West Centre Town, Ottawa, ON K1S4N1 · MLS® X13873810
- 2Bathrooms
- 10,000 square feetLiving area
About this property
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:65933)
- Type
- Business
- Category
- Business
- Updated
- Oct 7, 2026
Run the numbers
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Mortgage / mo–
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Net operating income / yr–
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Estimate only, not financial advice. Rent is reduced by vacancy, then management is taken on the rent collected; net operating income = that, less property tax and other costs; cap rate = net operating income ÷ price; cash flow also subtracts the mortgage (semi-annual compounding, as Canadian mortgages use). Vacancy default: CMHC Rental Market Report, Ottawa, October 2025. Property tax assumed at 1% of price.
Listed by Royal Lepage Signature Realty.
Listing data provided by REALTOR.ca DDF® and owned by The Canadian Real Estate Association (CREA). Deemed reliable but not guaranteed.
