189 Preston St
West Centre Town, Ottawa
$789,900
Buy with Dwelly and Save $7,899
Home Details
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Listing Description
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.
2 Fridges, 2 stoves, dryer, washer, hot water tank
City: Ottawa
Neighborhood: West Centre Town
Property History
Rooms
Room dimensions for 189 Preston St, Ottawa
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 189 Preston St is 4264
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $789900 |
| Down Payment | $157980 |
| Mortgage Insurance | $0 |
| Total Mortgage | $631920 |
Monthly Payment
| Mortgage Payment | $3894 |
| Property Taxes | $370 |
| Maintenance Fees | $0 |
| Monthly Payment | $4264 |
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About 189 Preston St, Ottawa
Located at 189 Preston St , this Ottawa house is available for sale. This property was listed for $789,900 on Sat Jan 03 2026. This house's size is 1500-2000 Sqft. It has 4 bedrooms and 2 bathrooms. The property includes the following rooms: 4th Br, 3rd Br, Living, Kitchen, Other, Sunroom, Foyer, Living, Br, 2nd Br, Kitchen, Common Rm, Laundry, Bathroom, Bathroom. This property comes with 3 parking spots. 189 Preston St, Ottawa is situated in the West Centre Town neighbourhood.
MLS#: X12659094 · $789,900 · 4 bedroom house in West Centre Town, Ottawa