189 Preston Street, West Centre Town, ON K1R 7P8
West Centre Town
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 189 Preston Street, West Centre Town, ON K1R 7P8
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MLS# X12659094
Listed by TRINITYSTONE REALTY INC.
On market since Jan 3, 2026
What comparable homes actually sold for in the last 12 months.
189 Preston Street, West Centre Town, ON K1R 7P8 is listed for $699,999 CAD.
189 Preston Street, West Centre Town, ON K1R 7P8 has 4 bedrooms and 2 bathrooms.
189 Preston Street, West Centre Town, ON K1R 7P8 is a Duplex.
189 Preston Street, West Centre Town, ON K1R 7P8 is in West Centre Town, Ontario.
189 Preston Street, West Centre Town, ON K1R 7P8 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 189 Preston Street, West Centre Town, ON K1R 7P8 (MLS# X12659094). You can also send a message through the contact form on this site.
