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185 PRESTON STREET, Ottawa, Ontario, K1R 7P8

MLS® # X13482170
Investment For Sale In Ottawa, Ontario
$789,900
185 Preston Street, Ottawa, ON
185 Preston Street, Ottawa, ON
185 Preston Street, Ottawa, ON
185 Preston Street, Ottawa, ON
  • Advertising
185 PRESTON STREET, Ottawa, Ontario, K1R 7P8
$789,900

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 2700 sqft Square Feet
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 2700 Square Feet
  • Irregular: Yes
  • Lot Depth: 100 Feet
  • Lot Frontage: 24 Feet
  • Lot Size: 24 x 100 FT
  • Zoning: TM[78] and MS1[78]H(19.1)

Courtesy of: RIGHT AT HOME REALTY

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Sales/Price History

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Market Price Trends

Single family detached

3.87%

Price change (1 year)

21.56%

Price change (5 years)

All Properties

-1.12%

Price change (1 year)

8.27%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 185 PRESTON STREET, Ottawa, Ontario, K1R 7P8

Demographic Information of 185 PRESTON STREET, Ottawa, Ontario, K1R 7P8

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$118,838.86

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.15 %

High school certificate or equivalent

20.87 %

Apprenticeship trade certificate/diploma

3.47 %

College/non-university certificate

13.32 %

University certificate (below bachelor)

0.99 %

University Degree

44.21 %

Commuter

Travel To Work

By Car

51.59 %

By Public Transit

16.0 %

By Walking

22.58 %

By Bicycle

3.04 %

By Other Methods

6.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

59.54 %

Houses

40.46 %

Own Vs. Rent

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