189 PRESTON STREET, Ottawa, ON K1R7P8
189 PRESTON STREET, Ottawa, ON K1R7P8
189 PRESTON STREET, Ottawa, ON K1R7P8
189 PRESTON STREET, Ottawa, ON K1R7P8
189 PRESTON STREET, Ottawa, ON K1R7P8
189 PRESTON STREET, Ottawa, ON K1R7P8
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Maha Shahbazian

Maha Shahbazian

+1(613) 862-6242
$ 699,999
Est. payment | /mo

4 Beds

2 Baths

1,500 SqFt

Save Virtual Tour
$ 699,999
Est. payment | /mo
Save Virtual Tour

4 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $466

Subdivision 4205 - West Centre Town

MLS® Listing ID X12659094

Bedrooms 4

Property Description

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:24570)

Location

State ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 2.77 m X 2.96 m Bedroom 4

Extra Room 2 Second level 3.26 m X 3.23 m Bedroom 3

Extra Room 3 Second level Measurements not available Bathroom

Extra Room 4 Second level 3.38 m X 3.47 m Living room

Extra Room 5 Second level 3.17 m X 2.16 m Kitchen

Extra Room 6 Second level 3.26 m X 1.98 m Other

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 3

Garage Yes

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Virtual Tour https://www.myvisuallistings.com/cvt/346121

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Maha Shahbazian

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189 PRESTON STREET