$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
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
Estimated mortgage payment
$3,498 per month
- Principal and interest
- $3,498
- Property tax
- $385
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $170,253
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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