Listed for:Listed Jun 21, 2026
$789,900

185 Preston Street

Ottawa (West Centre Town), ON K1R 7P8

Multiplex For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 185 Preston Street, Ottawa, West Centre Town

No listing history available

Real estate boards require you to or to see the full details of this property.

*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 185 Preston Street, Ottawa, West Centre Town

Summarized Description

  • Prime redevelopment opportunity in Ottawa's Little Italy.
  • Existing triplex with approved mixed-use plans.
  • Extensive pre-development work completed.
  • Modern layout for retail and residential use.
  • Significant time savings for new owners.
  • Located near major urban amenities.
  • Ideal for builders and investors.

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)

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,614
Land Transfer Tax Fee
$12,273

Basement Type
Other

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Brick, Brick Front
Roof
Flat
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
24.00 ft
Lot Depth
100.00 ft

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
2
Total Garage And Parking Spaces
2

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer

Washrooms

  • —-piece

Municipality
Ottawa
Neighbourhood
West Centre Town
Main cross streets
Preston st and Willow St
Directions
West on Somerset, Left on Preston street, Home is on the left

MLS® number
X13477190
Data source
Toronto Regional Real Estate Board
Listed on
2026-06-21
Updated on
2026-06-24
Days on market
126 days
Possession date
2026-06-23
Possession type
Immediate
Co-op commission
2
Seller
Listed by
RIGHT AT HOME REALTY

Home Market Value

Current home valuation for 185 Preston Street, Ottawa, West Centre Town, Ottawa, ON. Listed for $789,900

HOMEH Estimate

?

—

Estimated Sales Range

?

—

HOMEH Estimate for 185 Preston Street, Ottawa, West Centre Town

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

Insufficient Data
See the full analysisFree Every recent nearby sale behind this number

For the owner

Is this your home? Track its value.

Get this home's HOMEH Estimate by email once a month, with how many homes are for sale around you.

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Ottawa, ON
Minimum Down Payment Required:6.8%

5% on first $500K + 10% on $289,900 over $500K

Minimum down payment

$53,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$29,416$22,038$18,800$0
=Total mortgage
$764,813$732,948$690,215$631,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,734monthly$3,579monthly$3,370monthly$3,085monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$12,273

Total Land Transfer Tax

$12,273

Around this home

8/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
Loading map...
7.5 /10

St Anthony

Private·elementary·390m

8.5 /10

Devonshire

Public·elementary·440m

7.5 /10

Louise-Arbour

Public·elementary·French·770m

6.7 /10

Saint-François-d'Assise

Private·elementary·French·940m

4.4 /10

Centennial

Public·elementary·1.1km

7.0 /10

Connaught

Public·elementary·1.2km

7.5 /10

Glebe

Public·secondary·1.4km

6.0 /10

Corpus Christi

Private·elementary·1.8km

8.4 /10

Mutchmor

Public·elementary·1.9km

7.5 /10

Elgin Street

Public·elementary·2.2km

8.5 /10

First Avenue

Public·elementary·2.2km

8.6 /10

Elmdale

Public·elementary·2.2km

8.1 /10

Lisgar

Public·secondary·2.6km

6.6 /10

Immaculata

Private·secondary·2.6km

8.1 /10

Au Coeur d'Ottawa

Private·elementary·French·2.6km

Ask HOMEH

New!
H

Hi there!

👋

Text or call (416) 301-9001

Recommended for you

Based on homes you've looked at.

No recommended properties found.

Nearby similar homes

No nearby properties found.