For sale 50$789,900
185 Preston Street
West Centre Town, Ottawa, Ontario K1R7P8
For sale· Added
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)
Location
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Property details
Listing
- MLS® number
- X13477190
- Added
- Jun 22, 2026 ()
- Updated
- Jun 22, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Triplex
- Storeys
- 2
Inside
- Bedrooms
- 0
- Bathrooms
- 0
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Fireplace
- No
Building
- Basement
- Other, See Remarks
- Exterior
- Brick, Brick Facing
- Foundation
- Concrete
- Parking
- No Garage · 2 spaces
Land
- Lot size
- 24 x 100 ft
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
- Cross streets
- Preston st and Willow St
- Directions
- West on Somerset, Left on Preston street, Home is on the left.
Running costs
- Annual property tax (2025)
- $4,614
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