We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
189 PRESTON STREET, Ottawa
2026-01-03
Quick Summary
MLS®#X12659094
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. (id:32467)
Property Features
Building
- Amenities: Separate Electricity Meters
- Appliances: Water Heater, Dryer, Two stoves, Washer, Two Refrigerators
- Basement Development: Partially finished
- Basement Type: Full (Partially finished)
- Cooling Type: Central air conditioning
- Exterior Finish: Brick, Brick Facing
- Fireplace: No
- Interior Size: 1500 - 2000 sqft
- Building Type: Duplex
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Carpet Free
Land
- Land Size: 22.6 x 103 FT
- Sewer: Sanitary sewer
Zoning
- Description: TM [78] H(15)
Information entered by TRINITYSTONE REALTY INC.
Listing information last updated on: 2026-04-24 05:19:11
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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Sheila Forward-Davis REALTOR®
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Full ProfileSergiu Buhatel Broker
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