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. (id:25961)
Schedule a Tour
Schedule Private Tour
Biju George would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Biju George, who specializes in Ottawa real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Biju George find a property to match your lifestyle.
Rooms
| Level | Type | Dimensions |
|---|---|---|
| Bedroom 4 | Second level | 2.77 m x 2.96 m |
| Bedroom 3 | Second level | 3.26 m x 3.23 m |
| Bathroom | Second level | Measurements not available |
| Living room | Second level | 3.38 m x 3.47 m |
| Kitchen | Second level | 3.17 m x 2.16 m |
| Other | Second level | 3.26 m x 1.98 m |
| Sunroom | Second level | 1.5 m x 1.88 m |
| Laundry room | Lower level | 1.4 m x 3.68 m |
| Bathroom | Lower level | Measurements not available |
| Kitchen | Main level | 5.51 m x 3.6 m |
| Foyer | Main level | 1.74 m x 3.38 m |
| Living room | Main level | 4.3 m x 3.63 m |
| Bedroom | Main level | 3.59 m x 3.66 m |
| Bedroom 2 | Main level | 4.18 m x 2.6 m |
Details
- Features: Carpet Free
- Parking Spaces: 3
- Transaction: For sale
- View: City view
- Zoning Description: TM [78] H(15)
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater, Dryer, Two stoves, Washer, Two Refrigerators
- BasementType: Full (Partially finished)
- Basement Development: Partially finished
- Bedrooms Main Level: 4
- Cooling: Central air conditioning
- Exterior Finish: Brick, Brick Facing
- Fireplace Present: False
- Foundation: Concrete
- Bathrooms (Total): 2
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 1500 - 2000 sqft
- Stories Total: 2
- Type: Duplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Frontage: 22 ft ,7 in
- Size Irregular: 22.6 x 103 FT
Listing provided by TRINITYSTONE REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 189 PRESTON STREET in Ottawa Ontario. It was last modified on January 3rd, 2026. Contact Biju George to schedule a viewing or to discover other Ottawa real estate for sale.