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.
195 days
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38
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1
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Zillow last checked:
Listing updated:
Listed by:
TRINITYSTONE REALTY INC.
Source: TRREB,MLS®#: X12659094Originating MLS®#: Ottawa Real Estate Board
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Bedroom
Level: Main
Dimensions: 3.59 x 3.66
Bedroom 2
Level: Main
Dimensions: 4.18 x 2.6
Bedroom 3
Level: Second
Dimensions: 3.26 x 3.23
Bedroom 4
Level: Second
Dimensions: 2.77 x 2.96
Bathroom
Level: Lower
Dimensions: 0 x 0
Bathroom
Level: Second
Dimensions: 0 x 0
Other
Level: Lower
Dimensions: 6.4 x 3.53
Foyer
Level: Main
Dimensions: 1.74 x 3.38
Kitchen
Level: Main
Dimensions: 5.51 x 3.6
Kitchen
Level: Second
Dimensions: 3.17 x 2.16
Laundry
Level: Lower
Dimensions: 1.4 x 3.68
Living room
Level: Second
Dimensions: 3.38 x 3.47
Living room
Level: Main
Dimensions: 4.3 x 3.63
Other
Level: Second
Dimensions: 3.26 x 1.98
Sunroom
Level: Second
Dimensions: 1.5 x 1.88
Heating
Forced Air, Gas
Cooling
Central Air
Appliances
Included: Water Heater Owned
Features
In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Storage
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