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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

4 Beds

2 Baths

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Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 4205 - West Centre Town

MLS Listing ID X12659094

Style 2-Storey

Bedrooms 4

Annual Tax Amount $4,435

Tax Year 2025

Property Sub-Type Duplex

Property 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.

Location

Province ON

County Ottawa

Area Ottawa

Zoning TM [78] H(15)

Rooms

Family Room Yes

Basement Full, Partially Finished

Kitchen 2

Interior

Interior Features Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned, Storage

Cooling Central Air

Inclusions 2 Fridges, 2 stoves, dryer, washer, hot water tank

Exterior

Parking Features Private

Garage Spaces 1.0

Pool None

View City

Roof Type Asphalt Shingle

Lot Frontage 22.62

Lot Depth 102.95

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Concrete

Others

Senior Community Yes

ParcelsYN Yes

Virtual Tour https://www.myvisuallistings.com/cvt/346121

Listed by TRINITYSTONE REALTY INC.

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189 Preston ST West Centre Town, ON K1R 7P8