189 Preston Street
Ottawa (West Centre Town), ON K1R 7P8
- 4Bedrooms
- 2Bathrooms
- 3Parking
- 1500–2000Sq Ft
- $4,435Tax
- 23×103 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 189 Preston Street, Ottawa, West Centre Town
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 189 Preston Street, Ottawa, West Centre Town
Summarized Description
- Classic 1930s duplex in Little Italy.
- Exceptional investment opportunity with redevelopment potential.
- Two self-contained units with separate hydro meters.
- Flexible TM zoning allows various options.
- Walking distance to restaurants and shops.
- Steady rental income with long-term growth potential.
- Convenient access to downtown Ottawa and LRT.
- Owned by the same family for over 40 years.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,435
- Land Transfer Tax Fee
- $9,855
Rental Items
- Rental Equipment
- None
- Basement Type
- Full, Partially Finished
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned, Storage
- View
- City
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Accessibility Features
- Multiple Entrances
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 51-99
Construction
- Exterior Finish
- Brick, Brick Front
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 22.62 ft
- Lot Depth
- 102.95 ft
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- 2 Fridges, 2 stoves, dryer, washer, hot water tank
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 1
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 4
- Washrooms
- 2
- Kitchens
- 2
- Family / bonus room
- Yes
Room sizes
- Bedroom 4—Second level
- Bedroom 3—Second level
- Living Room—Second level
- Kitchen—Second level
- Other—Second level
- Sunroom—Second level
- Foyer—Main level
- Living Room—Main level
- Bedroom—Main level
- Bedroom 2—Main level
- Kitchen—Main level
- Common Room—Lower level
- Laundry—Lower level
- Bathroom—Lower level, 4 Pc Bath
- Bathroom—Second level, 4 Pc Bath
Washrooms
- 4-piece, Lower
- 4-piece, Second
- Municipality
- Ottawa
- Neighbourhood
- West Centre Town
- Main cross streets
- Preston street and Laurel St E
- Zoning
- TM [78] H(15)
- Directions
- Preston street in between Somerset W and Gladstone. East side of the street.
- MLS® number
- X12659094
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-01-02
- Updated on
- 2026-09-25
- Days on market
- 295 days
- Possession type
- Flexible
- Co-op commission
- 2 % + hst
- Seller
- Listed by
- TRINITYSTONE REALTY INC.
Home Market Value
Current home valuation for 189 Preston Street, Ottawa, West Centre Town, Ottawa, ON. Listed for $669,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 189 Preston Street, Ottawa, West Centre Town
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $169,000 over $500K
$41,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $25,074 | $18,665 | $15,922 | $0 |
=Total mortgage | $651,927 | $620,765 | $584,572 | $535,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,183monthly | $3,031monthly | $2,854monthly | $2,613monthly |
Land Transfer Tax
$9,855
$9,855
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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