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.
Address
189 Preston Street
List Price
$789,900
MLS® Status
New
Expiration Date
2026-04-30
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2-Storey
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4205 - West Centre Town
Region
Ottawa
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
8
Bathrooms
2
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
102.95
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
22.62
Parcel Number
041080179
Parcel of Tied Land
No
Occupant Type
Owner
Cross Street
Preston street and Laurel St E
Approx. Age
51 - 99 Years
MLS® Number
X12659094
Listing Brokerage
TRINITYSTONE REALTY INC.
Basement Area
Full, Partially Finished
Postal Code
K1R 7P8
Posession Details
TBA
Parking
Private
Parking Places (Total)
3
Parking Spaces
2
Tax Amount
$4,435.00
Tax Year
2025
Accessibility Features
Multiple Entrances
Interior Features
Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned, Storage
Central Vacuum
No
Family Room
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick, Brick Front
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LTS 4 & 5, PL 62 , AS IN NS134939, S/T & T/WNS134939, S/T CR567251 & CR667071 ;OTTAWA/NEPEAN
View Type
City
Waterfront
No
Sewer
Sewer