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185 Preston Street — photo 1185 Preston Street — photo 2

$789,900

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185 Preston Street

West Centre Town, Ottawa, Ontario K1R7P8

For sale· Added

2,700 sqft

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
X13482170
Added
Jun 24, 2026 ()
Updated
Jun 24, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Multi-Family

Inside

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Fireplace
No

Land

Lot size
24 x 100 ft
Zoning
TM[78] and MS1[78]H(19.1)

Services

Water
Municipal water

Location

Cross streets
Preston Street and Willow Street
Directions
Westbound on Somerset St, left on Preston street, property will be on the left.

Running costs

Annual property tax (2025)
$4,614

Ask about this home

$789,900
185 Preston Street
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