For Sale: 189 Preston Street, Ottawa, ON - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$699,999
4 bd • 2 ba • 1500 - 1999 sf • Multifamily
189 Preston Street
Virtual TourStreet ViewDirections
$699,999
Get pre-approved

189 Preston StreetOttawa, ON, K1R 7P8

West Centretown
  • 4 Bed
  • 2 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Grant Holbrook, Salesperson, TRINITYSTONE REALTY INC.

Home facts and features

Price details
List Price
$699,999
Get Pre-Approved
Gross Taxes for 2025
$4,435
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
3
Parking Details
Garage, Detached Garage
Property Type
Multifamily
Depth
103 feet
Frontage
22.7 feet
Exterior Finish
Brick, Brick Facing
Heating Type
Forced air, Natural gas
Cooling
Central air conditioning
Basement Details
Partially finished, Full
Features
Carpet Free, Separate Electricity Meters
Appliances
Dryer, Two Refrigerators, Two stoves, Washer, Water Heater
Community
Agent details
Primary Agent
Grant Holbrook
Primary Broker
TRINITYSTONE REALTY INC.
Listing details
Days on REW
155 Days
Property Views
138
MLS® Number
X12659094
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

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.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

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
Report Incorrect Info
Full Name*
Email*
Select School
Reason

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.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near West Centretown

Neighborhoods near West Centretown

Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-06.
Call Agent
Salesperson
Grant Holbrook
Phone:
(613) 298-8888
Office:
613-417-3599
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

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.