Gurvinder Nokwal REALTOR®
For Sale Triplex 119 days on market

$789,900

Est. payment $3,498/moCalculate yours

185 Preston Street, West Centre Town, ON K1R 7P8

4205 - West Centre Town, West Centre Town, ON K1R 7P8

  • 0 Beds
  • 0 Baths
  • 1,500 Sq Ft
Map

Listing courtesy of RIGHT AT HOME REALTY MLS® X13477190

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)

Property details

Overview

Property Type
Triplex
Style
2-Storey
For
For Sale
Status
Extension
Size
1,500 sqft

Interior

Bedrooms
0
Bathrooms
0
Kitchens
0
Basement
Other

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Brick, Brick Front
Foundation
Concrete
Roof
Flat
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
24 x 100 Feet
Parking
None garage · 2 total

Financial

Property Taxes
$4,614 (2025)

Location

Neighbourhood
4205 - West Centre Town
Cross Street
Preston st and Willow St
Direction Faces
West

Listing

MLS® Number
X13477190
Days on Market
119
Listed On
2026-06-21
Possession
Immediate
Listed By
RIGHT AT HOME REALTY

Features

Interior

  • None

Pool

  • None

Mortgage calculator

Minimum for this price: $53,990 (6.84%)

Amortization, years

Estimated mortgage payment

$3,498 per month

Principal and interest
$3,498
Property tax
$385
Estimated monthly cost
$3,882

Your mortgage

Mortgage amount
$631,920
Mortgage insurance
Not needed
Interest over 25 years
$417,332

Cash to close

Down payment
$157,980
Land transfer tax
$12,273
Total, before legal fees
$170,253
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

185 Preston Street, West Centre Town, ON K1R 7P8 4205 - West Centre Town, West Centre Town, ON K1R 7P8
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$789,900 185 Preston Street, West Centre Town, ON K1R 7P8
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