185 Preston Street
West Centre Town, K1R 7P8
FOR SALE
$789,900

➧
➧

Investment
CATEGORY24 x 100
LOT SIZEX13482170
MLSIDContact Us
Property Description
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)
Call
Property Details
Address
185 Preston Street
Community
City
Postal Code
K1R 7P8
Property Type
Investment, Investment
Use
Apartment
Zoning
TM[78] and MS1[78]H(19.1)
Lot Size
24' x 100'
Taxes
$4,614 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Lane
Call
Listing contracted with Right At Home Realty
Call