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185 Preston Street, Ottawa, ON 2 photos

$789,900

Active
185 Preston Street, Ottawa, ON· West Centre Town
1500-2000
Sq Ft
$395–$527
Per Sq Ft
2
None Parking

About this Property

  • Rear parking available

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)

Listed by RIGHT AT HOME REALTY · MLS# X13477190

About Centretown

Urban Core · Avg $450K

Centretown is Ottawa's most walkable and vibrant urban neighbourhood, offering a lifestyle built around convenience, culture, and community. Bounded roughly by the Queensway to the south, the Rideau Canal to the east, Wellington Street to the north, and Bronson Avenue to the west, Centretown places residents within walking distance of Parliament Hill, the National Arts Centre, major museums, and the city's best dining and nightlife corridors on Bank Street, Elgin Street, and Somerset Street.

Walk Score97
Avg Condo Price$450K
Restaurants200+
Walk to Parliament15 min
View Full Centretown Guide

Features & Details

Property details of 185 Preston Street, Ottawa, ON

Property TypeTriplex
Style2-Storey
Size1500-2000 sq ft
BasementOther
Total Parking2

Mortgage Calculator

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%
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Mortgage Payment$3,881/monthly
Principal54%
Interest46%
Principal Amount$631,920
Interest$532,243
Total Payable$1,164,163
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$3,881
Mortgage + Expenses$3,881
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$
$
$
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Monthly Cash Flow-$3,881

* Estimate only. Consult a mortgage broker for accurate figures.

5.0 · 70+ Google reviews
Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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