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$789,900
ActiveAbout 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
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.
Features & Details
Property details of 185 Preston Street, Ottawa, ON
Market Insights for Triplex in Ottawa
Based on 15 sales in the last 90 days · Showing city-wide data
Buyer’s Market
Properties are sitting longer (avg 51 days). Buyers have more negotiating power and time to decide.
New Listings
15
Avg Days on Market
51 days
Avg Price/Sq Ft
$406
Location
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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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