185 Preston Street
4205 - West Centre Town, West Centre Town, K1R 7P8
$789,900
Listed 119 days ago · MLS® X13482170
About this home
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)
Details
- Type
- Investment
- Lot
- 24 × 100 ft
- Garage
- Lane
- Property tax
- $4,614 (2025)
- Neighbourhood
- 4205 - West Centre Town
- Municipality
- West Centre Town
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Building area
- 2,700 Square Feet
More
- Possession
- Immediate
- Cross street
- Preston Street and Willow Street
History of this address
2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Corso Italia LRT5 min walk
- 🚇 Bayview LRT12 min walk
Within a 10-minute walk: 3 grocery stores, 119 cafés and restaurants, 13 parks, 9 pharmacies. Nearest grocery: Kowloon Supermarket (600 m). Nearest park: Plouffe Park (150 m).
Schools nearby
Elementary
- St. Anthony School Catholic
EQAO: Gr 6 reading 70%6 min walk - Devonshire Community Public School
EQAO: Gr 6 reading 94%, math 65%7 min walk - Cambridge St Community Public School
EQAO: Gr 6 reading 77%, math 23%10 min walk - Heritage Academy Private12 min walk
Secondary
- Family Reception Centre5 min walk
- Adult High School Preschool Program
EQAO: Gr 9 math 21%5 min walk - Adult High School
EQAO: Gr 9 math 21%5 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K1R
- Owners / renters
- 31% / 69%
- Median household income
- $74,000
- Average age
- 40
- Children under 15
- 8%
- Homes
- 6% detached, 49% high-rise
- Commute by transit
- 18%
- Population
- 20,343
Languages spoken most at home besides English: Yue (Cantonese) 1.6%, Vietnamese 1.4%, Mandarin 1.2%, Arabic 1%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario).
Living here
Commute
To downtown Ottawa: 2 km. Transit times · Driving times
Noise 1 source nearby
- 🛣️ Highway 417400 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RIGHT AT HOME REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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Commercial Retail · MLS® X13627828 · AVENUE NORTH REALTY INC.