185 Preston Street

185 Preston Street
185 Preston Street
185 Preston Street
1/2
$789,900
For Sale
4 hours
 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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$27,925
higher than listed price
i
High
$858,717
Mid
$817,825
Low
$776,934
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About 185 Preston Street

Located at 185 Preston Street, this Ottawa triplex is available for sale. It has been listed at $789900 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.

If you are reliant on transit, don't fear, 185 Preston St, Ottawa has a public transit Bus Stop (PRESTON / OAK) only steps away. It also has route close by.