Gerry Lantaigne - Sutton Logo
$789,900
 $4,240 est/mo Sourced by Back At You

185 Preston Street,Ottawa, ON K1R7P8

Ottawa, ON K1R7P8

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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) (id:13843)

Details

MLS #X13482170
Listing TypeFor Sale
StatusActive
Days On Site59
Listing Provided ByRIGHT AT HOME REALTY | Ali Novin

Features

SQ Feet2,700
ZoningTM[78] and MS1[78]H(19.1)

Taxes

Tax Annual Amount4614

Area Information

ProvinceON
CityOttawa
Postal CodeK1R7P8
Listing VS Median (in K1R7P8)
Price:
$789,900
low | high
Med:
$789,900
50% of Average
sqft:
2,700
low | high
Med:
1,500
94.444444444444% of Average
$ / sqft:
$293
low | high
Med:
$527
30% of Average
On site:
59
low | high
Med:
60
98.333333333333% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Gerry Lantaigne

Gerry Lantaigne

Sutton Group - Muskoka Realty Brokerage

Sales Representative, (705) 380-1710gerryl@sutton.com
ProvinceON
CityOttawa
Postal CodeK1R7P8
Listing VS Median (in K1R7P8)
Price:
$789,900
low | high
Med:
$789,900
50% of Average
sqft:
2,700
low | high
Med:
1,500
94.444444444444% of Average
$ / sqft:
$293
low | high
Med:
$527
30% of Average
On site:
59
low | high
Med:
60
98.333333333333% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $592K - $987K
sqft: 2,000 - 3,000
Nearby Listings Property ImageNearby Listings Details
149 WILLOW STREET Property Photo 1
$1,579,000
149 Willow Street
Ottawa, ON K1R6W2
Listing Updated: July 22, 2026 at 9:41:26 PM PDT