For Sale: 185 Preston Street, Ottawa, ON - REW
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$789,900
0 bd • 0 ba • 1500 - 1999 sf • Multifamily
185 Preston Street
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$789,900
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185 Preston StreetOttawa, ON, K1R 7P8

West Centretown
  • 0 Bed
  • 0 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

Prime redevelopment and value-add opportunity in the heart of Ottawa's Little Italy. Existing triplex with approved plans and supporting consultant reports for conversion to a mixed-use building consisting of a ground-floor commercial unit and two residential units above. Extensive pre-development work has been completed, including architectural drawings, structural review, Hydro Ottawa clearance review, mechanical design and permit-related submissions. Purchasers benefit from significant time savings by acquiring a project that has already progressed through the planning and design process. The proposed design retains the existing structure while introducing a modern mixed-use layout suited for retail, professional office, service commercial or similar permitted uses. Rear parking available. Located within one of Ottawa's most established urban corridors, minutes from Dow's Lake, the future Ottawa Senators arena district, Chinatown, the Rideau Canal, public transit and major employment nodes. An excellent opportunity for builders, contractors, investors and owner-operators seeking a manageable urban infill project with substantial due diligence already completed. (Renderings depict a conceptual representation of the proposed redevelopment) (id:63626)
Listed by: Ali Novin, Salesperson, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$789,900
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Gross Taxes for 2025
$4,614
Home facts
Bedrooms
0
Full Bathrooms
0
Parking Spaces
2
Parking Details
No Garage
Property Type
Multifamily
Depth
100 feet
Frontage
24.0 feet
Exterior Finish
Brick, Brick Facing
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Other, See Remarks,
Community
Agent details
Primary Agent
Ali Novin
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13477190
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

St Anthony Elementary School
  • Catholic
  • JK - 6
Devonshire Community Public School
  • Public
  • JK - 6
Cambridge Street Community Public School
  • Public
  • JK - 6
É Élém C Saint-François-d'Assise
  • Catholic
  • JK - 6
Centennial Public School
  • Public
  • JK - 8
Connaught Public School
  • Public
  • JK - 6
Glebe Collegiate Institute
  • Public
  • 9 - 12
Glashan Public School
  • Public
  • 7 - 8
Fisher Park/Summit AS Public School
  • Public
  • 7 - 8
Corpus Christi Catholic Elementary School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Ali Novin
Phone:
(613) 218-0808
Office:
613-369-5199
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.