The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally opened in 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has become one of the city’s best known sports bar and entertainment destinations. Featuring The Porch on Preston rooftop patio, widely regarded as one of Ottawa’s top patios, this is a rare opportunity to acquire a historic and highly profitable hospitality venue with deep roots in the local community.
Currently owned and operated by MRG Group, the business spans approximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. The property features a full commercial kitchen with large hood systems and walk-in refrigeration, allowing for high volume food and beverage operations, events, nightlife, and entertainment programming. The business is available with training or can be converted into a different concept, cuisine, franchise, or entertainment venue.
Lease rate of $34,100 Gross Rent including TMI with lots of term remaining. Positioned in one of Ottawa’s most vibrant restaurant and nightlife districts, this flagship hospitality location benefits from outstanding visibility, steady traffic, and a loyal customer following built over generations. Serious enquiries only please do not approach staff or ownership.
Located on the famous Preston Street in Little Italy, Ottawa’s Prescott benefits from one of the city’s strongest hospitality and entertainment corridors. Surrounded by established restaurants, cafés, nightlife, and major residential development, this stretch of Preston Street continues to attract locals, tourists, students, and professionals throughout the year. The rooftop patio known as The Porch on Preston has become a destination in itself with outstanding exposure and atmosphere overlooking the neighbourhood.
The 10,000 Sq Ft layout is designed for high volume operations with multiple service areas, large seating capacity, and excellent flow for events, sports viewing, nightlife, and private functions. The commercial kitchen infrastructure includes large hood systems, walk-in refrigeration, and extensive production capabilities suitable for almost any food and beverage concept. Licensed for 600 including the rooftop patio, this is one of the larger hospitality venues available in the Ottawa market.
The property features exceptional visibility, signage, and frontage in a historic standalone building with major street presence. Strong infrastructure, modern hospitality systems, and extensive improvements completed over the years allow for continued operation as a sports bar and entertainment venue or conversion into a different restaurant, franchise, event space, or mixed hospitality concept. Rare opportunities of this scale and reputation seldom become available in Ottawa’s urban core.
