Home with brick exterior material, street for 185 Preston St, Ottawa Ontario K1R 7P8
19 hours on Market

185 Preston St, Ottawa, Ontario K1R 7P8

Townhouse
-
-
~1500-2000 sqft
$789,900
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Townhouse
-
-
~1500-2000 sqft

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Highlights

Property Estimate

Days on market19 hours

Estimated valueNot available

Price/Sqft$460/sqft

Monthly cost

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Description

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)


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size2,400 SqFt(100 x 24)
Parking Spaces2
MLS ®NumberX13477190
Community NameWest Centertown
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Other

Features

Lot size: 2,400 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by RIGHT AT HOME REALTY, Brokerage
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Market Data - West Centertown

Geo Zone Map ThumbnailWest Centertown

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

27 days

Compared to

2025

27 days

2024

25 days

2023

11 days

New Listings

Past 30 days

11 listings

Compared to

2025

11 listings

2024

3 listings

2023

3 listings

Units sold

Past 30 days

4 units

Compared to

2025

5 units

2024

4 units

2023

1 unit

Median Sold Price

Past 30 days

$698,500

Compared to

2025

$845,000

2024

$618,125

2023

$1,035,000


Population and Demographics

Overview

Total population 11252
Average household income $134,175

Age (%)

0 to 19
14%
20 to 34
33%
35 to 49
21%
50 to 64
17%
65 and plus
15%

Household composition (%)

Single person
50%
Single family
41%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
72%
French
10%
English and French
3%
Yue (Cantonese)
3%
Mandarin
2%
Vietnamese
2%
Spanish
2%
Arabic
2%
Italian
2%
Others
0%

House tenancy (%)

Renters
67%
Owners
33%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget