189 PRESTON STREET, Ottawa, Ontario, K1R 7P8

$789,900

MLS® # X12659094

Investment For Sale In West Centertown, Ottawa, Ontario

$789,900

Property Information:

This classic 1930s duplex presents a great investment opportunity in the heart of Little Italy, prominently located on Preston Street. Surrounded by ongoing development and long-term growth, this property offers exceptional future potential in one of Ottawa's most vibrant and culturally rich neighbourhoods. With flexible TM zoning, buyers have multiple options to maximize value-whether maintaining and updating the existing duplex or exploring redevelopment possibilities such as a mixed-use commercial space with residential units above.The property features two self-contained units, each with its own hydro meter, and flexible access options allowing entry from the front for both units or a separate rear entrance for the lower unit. Its unbeatable location places you within walking distance of restaurants, cafés, shops, Dows Lake, and Lebreton Flats, with convenient access to the LRT and downtown Ottawa-making it easy to live local and attract strong tenant demand.Owned by the same family for over 40 years, this is a well-established property in a rapidly appreciating area. With steady rental income potential today and significant redevelopment upside for the future, this is a compelling opportunity for investors seeking long-term growth in a prime urban location. Flexible closing available. Book your showing today and explore the possibilities. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Hydro Meters
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Two stoves, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 2
  • Features: Carpet Free
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 103 Feet
  • Lot Frontage: 22.6 Feet
  • Lot Size: 22.6 x 103 FT
  • View Type: City view
  • Zoning: TM [78] H(15)
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 3

Rooms:

  • 4th Bedroom 2nd Level 2.77 m x 2.96 m
  • 3rd Bedroom 2nd Level 3.26 m x 3.23 m
  • Bathroom 2nd Level Measurements not available
  • Living 2nd Level 3.38 m x 3.47 m
  • Kitchen 2nd Level 3.17 m x 2.16 m
  • Other 2nd Level 3.26 m x 1.98 m
  • Sun Room 2nd Level 1.50 m x 1.88 m
  • Laundry Lower Level 1.40 m x 3.68 m
  • Bathroom Lower Level Measurements not available
  • Kitchen Main Level 5.51 m x 3.60 m
  • Foyer Main Level 1.74 m x 3.38 m
  • Living Main Level 4.30 m x 3.63 m
  • Bedroom Main Level 3.59 m x 3.66 m
  • 2nd Bedroom Main Level 4.18 m x 2.60 m

Courtesy of: TRINITYSTONE REALTY INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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