$799,000 FOR SALE

Business for Sale

Restaurant

Lot: 0 x 98 ft

356 PRESTON St
Dows Lake - Civic Hospital And Area, ON K1S 4M6 | 4502 - West Centre Town | Ottawa

Set in the charming and growing neighborhood of Little Italy, La Favorita invites you to own this renowned rustic restaurant. Fully equipped with top-of-the-line appliances, a wood oven fireplace, and seating for up to 140 guests, this fully operational business has been a community staple for over 30 years. Boasting patio and liquor licenses, La Favorita is strategically located between residential and commercial areas, making it a thriving establishment in a prime location serving a high-end Italian menu. The restaurant features multiple seating areas, including an upstairs level for 30, a main dining room for 60, a front room for 40, and an outdoor patio for warmer months, plus catering and takeout. With nearly 1200 Google reviews, this fine dining restaurant speaks for itself. Contact us to learn more to make it yours. The restaurant owner is retiring. Lease terms are easily negotiable. Please note that showings are preferred before the business opens.

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Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9522964
Last Updated Dec 24, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Business/Building Name La Favorita
Category Without Property
Occupancy Tenant
Possession Date TBD
Directions/Cross Streets Heading east on Carling Avenue, turn left onto Preston Street.
Neighbourhood 4502 - West Centre Town
Area Ottawa
Price History
Interested in obtaining the full price history for this property?
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Detailed Information
Lot 0 x 98 ft
Retail Area 2,000 ft2
Basement N
Chattels Y
Hours Open 11:00am
LLBO Y
Employees 18
Financial Statement Y
Seats 64
Water Municipal
Zoning TM[78]H(15)
Seller Property Info Statement N

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