185 PRESTON STREET, Ottawa
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) (id:25961)
Schedule a Tour
Talk to a Home Lifestyle Matchmaker
Use our neighbourhood guide to score the perfect match between your lifestyle and home. When ready to buy, we will put you in touch with a REALTOR® who specializes in Ottawa.
Details
- Parking Spaces: 2
- Transaction: For sale
Building
- BasementType: N/A (Other, See Remarks)
- Basement Development: Other, See Remarks
- Cooling: Central air conditioning
- Exterior Finish: Brick, Brick Facing
- Fireplace Present: False
- Foundation: Concrete
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 100 ft
- Size Frontage: 24 ft
- Size Irregular: 24 x 100 FT
This property for sale is located at 185 PRESTON STREET in Ottawa. It was last modified on June 22nd 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa homes for sale.
Listing provided by RIGHT AT HOME REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Make an Offer
Request an In-house Showing
Mortgage Calculator
Land Transfer Calculator
Request More Information
Let us find a Property to Match your Lifestyle
Schedule an In-house Tour
Are you not already working with an agent? If you are not working with an agent, schedule a private viewing with one of our real estate agents.