185 Preston Street, Ottawa

185 Preston Street
185 Preston Street
185 Preston Street
1/2
$789,900
For Sale
45 days
 on site
$789,900
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Size
-
Lot size
2400 sqft
Street frontage
-
Possession
2026-06-23
Price per sqft
$395 - $527
Taxes
$4,614 (2025)
Parking Type
-
Style
2-Storey
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Description
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)
Broker: RIGHT AT HOME REALTY
MLS®#: X13477190
Property details
Parking:
2
Parking type:
-
Property type:
Triplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
1500-2000 sqft
Lot front:
24 Ft
Lot depth:
100 Ft
Listed on:
Jun 23, 2026
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Instant estimate:
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$15,446
lower than listed price
i
High
$813,177
Mid
$774,454
Low
$735,731
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About 185 Preston Street

185 Preston Street is an Ottawa triplex for sale. 185 Preston Street has an asking price of $789900, and has been on the market since June 2026. This triplex is 1500-2000 sqft. 185 Preston Street, Ottawa is situated in Centre Town West, with nearby neighbourhoods in Lebreton, Hintonburg, Mechanicsville and The Glebe.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this triplex.

Living in this Centre Town West triplex is easy. There is also PRESTON / OAK Bus Stop, only steps away, with route nearby.