189 Preston Street Ottawa, Ontario K1R 7P8

$789,900

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:43934)

Property Details

MLS® Number	X12659094
Property Type	Multi-family
Neigbourhood	Centretown West
Community Name	4205 - West Centre Town
Features	Carpet Free
Parking Space Total	3
View Type	City View

Building

Bathroom Total	2
Bedrooms Above Ground	4
Bedrooms Total	4
Age	51 To 99 Years
Amenities	Separate Electricity Meters
Appliances	Water Heater, Dryer, Two Stoves, Washer, Two Refrigerators
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick, Brick Facing
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	103 Ft
Size Frontage	22 Ft ,7 In
Size Irregular	22.6 X 103 Ft
Size Total Text	22.6 X 103 Ft
Zoning Description	Tm [78] H(15)

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom 4	2.77 m	2.96 m	2.77 m x 2.96 m
Second Level	Bedroom 3	3.26 m	3.23 m	3.26 m x 3.23 m
Second Level	Bathroom			Measurements not available
Second Level	Living Room	3.38 m	3.47 m	3.38 m x 3.47 m
Second Level	Kitchen	3.17 m	2.16 m	3.17 m x 2.16 m
Second Level	Other	3.26 m	1.98 m	3.26 m x 1.98 m
Second Level	Sunroom	1.5 m	1.88 m	1.5 m x 1.88 m
Lower Level	Laundry Room	1.4 m	3.68 m	1.4 m x 3.68 m
Lower Level	Bathroom			Measurements not available
Main Level	Kitchen	5.51 m	3.6 m	5.51 m x 3.6 m
Main Level	Foyer	1.74 m	3.38 m	1.74 m x 3.38 m
Main Level	Living Room	4.3 m	3.63 m	4.3 m x 3.63 m
Main Level	Bedroom	3.59 m	3.66 m	3.59 m x 3.66 m
Main Level	Bedroom 2	4.18 m	2.6 m	4.18 m x 2.6 m

https://www.realtor.ca/real-estate/29212673/189-preston-street-ottawa-4205-west-centre-town