189 Preston Street,West Centre Town, ON K1R 7P8
West Centre Town, ON K1R 7P8
Description
This classic 1930s duplex presents a great investment opportunity in the heart of Little Italy, prominently located on Preston Street. Surrounded by ongoing development and long-term growth, this property offers exceptional future potential in one of Ottawa's most vibrant and culturally rich neighbourhoods. With flexible TM zoning, buyers have multiple options to maximize value-whether maintaining and updating the existing duplex or exploring redevelopment possibilities such as a mixed-use commercial space with residential units above.The property features two self-contained units, each with its own hydro meter, and flexible access options allowing entry from the front for both units or a separate rear entrance for the lower unit. Its unbeatable location places you within walking distance of restaurants, cafés, shops, Dows Lake, and Lebreton Flats, with convenient access to the LRT and downtown Ottawa-making it easy to live local and attract strong tenant demand.Owned by the same family for over 40 years, this is a well-established property in a rapidly appreciating area. With steady rental income potential today and significant redevelopment upside for the future, this is a compelling opportunity for investors seeking long-term growth in a prime urban location. Flexible closing available. Book your showing today and explore the possibilities.
Details
| MLS # | X12659094 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 234 |
| Listing Provided By | TRINITYSTONE REALTY INC. | X12659094 509700 |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.05 |
| Property View | City |
Interior
| Interior Features | Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned, Storage |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete |
| View | City |
| Construction Materials | Brick, Brick Front |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4435 |
|---|---|
| Tax Legal Description | PT LTS 4 & 5, PL 62 , AS IN NS134939, S/T & T/WNS134939, S/T CR567251 & CR667071 ;OTTAWA/NEPEAN |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 7P8 |
| Area | 4205 West Centre Town |
| Listing VS Median (in K1R 7P8) | |
Price: $699,999 low | high Med: $789,900 On site: 234 low | high Med: 62 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 7P8 |
| Area | 4205 West Centre Town |
| Listing VS Median (in K1R 7P8) | |
Price: $699,999 low | high Med: $789,900 On site: 234 low | high Med: 62 | |
