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. (id:39198)
Features & Details
Key Summary
- Style: Duplex
- Property Class: CommercialProperty
- Last Status: New
- Days on Market: 60
- Bedrooms: 4
- Bathrooms: 2
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: Partially finished, Full
- Extras / Inclusions: Washer, Dryer, Two stoves, Water Heater, Two Refrigerators
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Bedroom 4 | Second level | 2.77 x 2.96 | |
| Kitchen | Main level | 5.51 x 3.6 | |
| Laundry room | Lower level | 1.4 x 3.68 | |
| Bedroom 3 | Second level | 3.26 x 3.23 | |
| Bathroom | Lower level | N/A x N/A | |
| Bathroom | Second level | N/A x N/A | |
| Living room | Second level | 3.38 x 3.47 | |
| Kitchen | Second level | 3.17 x 2.16 | |
| Other | Second level | 3.26 x 1.98 | |
| Sunroom | Second level | 1.5 x 1.88 | |
| Foyer | Main level | 1.74 x 3.38 | |
| Living room | Main level | 4.3 x 3.63 | |
| Bedroom | Main level | 3.59 x 3.66 | |
| Bedroom 2 | Main level | 4.18 x 2.6 |
- Exterior Construction: Brick, Brick Facing
- Foundation: Concrete
- Lot Dimensions: 22.6 x 103 FT
- Lot Features: Carpet Free
- Water Source: Municipal water
- Sewer: Sanitary sewer
- Total Parking Spaces: 3
- MLS® Number: X12659094
- Listed On: Jan 04, 2026
- Last Status: New
- Days on Market: 60
- Updated On: Feb 25, 2026 09:26
- Brokerage: TRINITYSTONE REALTY INC.
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