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189 Preston Street Ottawa, Ontario K1R 7P8

4 Bedroom 2 Bathroom 1,500 - 2,000 ft2
Central Air Conditioning Forced Air

$789,900

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. (id:37351)

Property Details

MLS® Number X12659094
Property Type Multi-family
Community Name 4205 - West Centre Town
Features Carpet Free
ParkingSpaceTotal 3
ViewType City View

Building

BathroomTotal 2
BedroomsAboveGround 4
BedroomsTotal 4
Age 51 To 99 Years
Amenities Separate Electricity Meters
Appliances Water Heater, Dryer, Two Stoves, Washer, Two Refrigerators
BasementDevelopment Partially Finished
BasementType Full (partially Finished)
CoolingType Central Air Conditioning
ExteriorFinish Brick, Brick Facing
FoundationType Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1,500 - 2,000 Ft2
Type Duplex
UtilityWater Municipal Water

Parking

Detached Garage
Garage

Land

Acreage No
Sewer Sanitary Sewer
SizeDepth 103 Ft
SizeFrontage 22 Ft ,7 In
SizeIrregular 22.6 X 103 Ft
SizeTotalText 22.6 X 103 Ft
ZoningDescription Tm [78] H(15)

Rooms

Level Type Dimensions
Second Level Bedroom 4 2.77 m x 2.96 m
Second Level Bedroom 3 3.26 m x 3.23 m
Second Level Bathroom Measurements not available
Second Level Living Room 3.38 m x 3.47 m
Second Level Kitchen 3.17 m x 2.16 m
Second Level Other 3.26 m x 1.98 m
Second Level Sunroom 1.5 m x 1.88 m
Lower Level Laundry Room 1.4 m x 3.68 m
Lower Level Bathroom Measurements not available
Main Level Kitchen 5.51 m x 3.6 m
Main Level Foyer 1.74 m x 3.38 m
Main Level Living Room 4.3 m x 3.63 m
Main Level Bedroom 3.59 m x 3.66 m
Main Level Bedroom 2 4.18 m x 2.6 m

https://www.realtor.ca/real-estate/29212673/189-preston-street-ottawa-4205-west-centre-town

Contact Us

Contact us for more information


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Grant Holbrook
Salesperson

(613) 298-8888
www.trinitystonerealty.com/
www.facebook.com/brightideapropertygroup
www.youtube.com/@BrightIdeaPropertyGroup

Trinitystone Realty Inc.
1300 Stittsville Main St
Stittsville, Ontario K2S 1A3

(613) 417-3599
www.trinitystonerealty.com/

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