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Active · For Lease
Active · For LeaseListed 53 days ago

Address available on request

Prescott · Commercial · Commercial Retail

Price on request
$0 / ft²
0Beds
0Baths
1,600 ft²Size
Address available on requestPrescottDirectionsStreet View

Highlights

Houses-Gate estimateNot available
Days on marketListed 53 days ago
Price / ft²$0
Lot21.67 × 91.94 ft
Property tax$4,830 / 2026
BasementNot available

Last updated by the listing brokerage Sep 9, 2026

Property Status, Listing & Tax History

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Active · For LeaseListed Sep 7, 2026 · 53 days on market
  1. Listed
  2. ActiveNow
  3. Leased ConditionalNot yet
  4. LeasedNot yet

No status events on file for this listing yet.

Past records for this home

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Description

Exceptional opportunity to lease a 1,600 SF restaurant-ready commercial space in the heart of Downtown Prescott. Located at 198 King Street West, this distinctive ground-floor space offers much of the infrastructure already in place for a restaurant, café, lounge or take-out operation, providing an excellent head start for a new hospitality concept. Previously operated as a food-service establishment, the premises feature substantial existing kitchen infrastructure, including commercial exhaust hoods and ductwork, gas service, kitchen/service areas and plumbing connections. The proposed restaurant layout provides seating for approximately 42 guests, with an open dining area offering flexibility for a variety of concepts. The character of the space is enhanced by exposed brick walls, high ceilings and large King Street windows, creating an inviting atmosphere well suited to a restaurant, café or lounge. Its prominent downtown location offers excellent visibility and is within walking distance of the St. Lawrence River waterfront, marina, shops, businesses and community attractions. The layout may also offer potential to separate the premises into distinct front and rear commercial areas, subject to Landlord approval and all applicable municipal requirements, creating additional possibilities for retail, take-out, food service or complementary uses. An excellent opportunity for an operator looking to establish a business in Downtown Prescott without starting from an unfinished commercial shell. Bring your concept and explore the possibilities this unique space has to offer. Base rent is $24.00/SF per year, plus HST. Additional rent for the tenant's share of property taxes and operating costs is estimated at approximately $300 per month. A second-floor residential apartment is also available for lease separately, offering a convenient live/work opportunity.

Property Details

Listing

MLS® number
X13751364
Status
For Rent
Listed
Sep 7, 2026
Last updated
Sep 9, 2026
Possession
Flexible

Building

Type
Commercial
Style
Commercial Retail
Approx. age
Not provided by brokerage
Approx. size
Not provided by brokerage
Basement
Not provided by brokerage

Lot

Frontage
21.67 ft
Depth
91.94 ft
Lot area
≈ 1,992 ft² (calculated)
View
Not provided by brokerage
Community
808 - Prescott

Parking & utilities

Garage
None
Driveway
Not provided by brokerage
Heating
Gas Hot Water
Cooling
No
Water / sewer
Not provided by brokerage

Taxes

Property tax
$4,830 / 2026
Condo fee
N/A

Source

Data source
TRREB (VOW feed)
Listed by
POWER MARKETING REAL ESTATE INC.

Interior

LevelRoomSizeFeatures
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Interior Features

  • Heating: Gas Hot Water
  • Cooling: No

Exterior

  • Cross street: Centre

Population & Demographics

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Median household income—
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Age Groups

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Owners vs Renters

Ownership data is not available.

Household Type

Household data is not available.

What’s NearbyDistances approximate

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Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

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Questions About This Home?

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Toronto + GTA real estate
Houses-GateToronto + GTA platform

Ali Tunio, BrokerHomeLife Landmark Realty Inc., Brokerage7240 Woodbine Ave, Suite 103, Markham, ON L3R 1A41943 Ironoak Way, Suite 203, Oakville, ON L6H 3V7(905) 305-1600

The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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