189 PRESTON STREET, Ottawa
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:25961)
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Rooms
| Level | Type | Dimensions |
|---|---|---|
| Second Level | Bedroom 4 | 2.77 m x 2.96 m |
| Second Level | Bedroom 3 | 3.26 m x 3.23 m |
| Second Level | Bathroom | Measurements not available |
| Second Level | Living Room | 3.38 m x 3.47 m |
| Second Level | Kitchen | 3.17 m x 2.16 m |
| Second Level | Other | 3.26 m x 1.98 m |
| Second Level | Sunroom | 1.5 m x 1.88 m |
| Lower Level | Laundry Room | 1.4 m x 3.68 m |
| Lower Level | Bathroom | Measurements not available |
| Main Level | Kitchen | 5.51 m x 3.6 m |
| Main Level | Foyer | 1.74 m x 3.38 m |
| Main Level | Living Room | 4.3 m x 3.63 m |
| Main Level | Bedroom | 3.59 m x 3.66 m |
| Main Level | Bedroom 2 | 4.18 m x 2.6 m |
Details
- Features: Carpet Free
- Parking Spaces: 3
- Transaction: For sale
- View: City view
- Zoning Description: TM [78] H(15)
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater, Dryer, Two stoves, Washer, Two Refrigerators
- BasementType: Full (Partially finished)
- Basement Development: Partially finished
- Bedrooms Main Level: 4
- Cooling: Central air conditioning
- Exterior Finish: Brick, Brick Facing
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 2
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Duplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 103 ft
- Size Frontage: 22 ft ,7 in
- Size Irregular: 22.6 x 103 FT
This property for sale is located at 189 PRESTON STREET in Ottawa. It was last modified on April 24th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Ottawa properties for sale.
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