189 Preston Street, West Centre Town, ON K1R 7P8
West Centre Town, ON, K1R 7P8 · 4205 - West Centre Town
About this property
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.
Features & Amenities
- Basement: Full, Partially Finished
- Garage: Detached
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick, Brick Front
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Basement | Full, Partially Finished |
| Garage | Detached |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $4,435 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned, Storage
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Brick Front
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Full, Partially Finished
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 2
- Parking Total
- 3.00
- Parking Features
- Private
- Covered Spaces
- 1
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 102.95
- Lot Width
- 22.62
Financial & Tax
- Tax Annual Amount
- $4,435
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 8
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Owner
- Direction Faces
- East
- County Or Parish
- Ottawa
- Cross Street
- Preston street and Laurel St E
- Directions
- Preston street in between Somerset W and Gladstone. East side of the street.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
189 Preston Street, West Centre Town, ON K1R 7P8, West Centre Town, ON, K1R 7P8