185 Preston Street, West Centre Town, ON K1R 7P8
4205 - West Centre Town, West Centre Town · Near Preston Street and Willow Street · View map
About this home
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)
The home
- Type
- Investment
- Square footage
- 2700 sq ft
- Lot size
- 24 x 100 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Lane
- Total parking
- None
Taxes & other
- Property taxes
- $4,614/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Preston Street and Willow Street
- Neighbourhood
- 4205 - West Centre Town
More
- MLS® number
- X13482170
No matching details. Ask Will instead
No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
185 Preston Street, West Centre Town, ON K1R 7P8
4205 - West Centre Town, West Centre Town · Near Preston Street and Willow Street
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 185 Preston Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 185 Preston Street
Answers come straight from this home’s MLS® listing.
How much is 185 Preston Street listed for, and what would it cost each month?
185 Preston Street is listed for $789,900. With 20% down ($157,980), the mortgage payment would be roughly $3,186 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,571 a month, all in. That figure is an illustration, not a quote.
Is 185 Preston Street freehold or a condo, and is there a monthly fee?
185 Preston Street is a investment in 4205 - West Centre Town, West Centre Town. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 185 Preston Street have a garage and parking?
Yes. The listing shows the garage as lane. The listing does not include a parking space.
What style of home is 185 Preston Street?
185 Preston Street is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 185 Preston Street, and what is the lot size?
The lot is listed as 24 x 100 ft.
How is 185 Preston Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 185 Preston Street?
Property taxes are $4,614 a year (2025), or about $385 a month.
Where is 185 Preston Street?
185 Preston Street is in the 4205 - West Centre Town community of West Centre Town. The nearest main intersection is Preston Street and Willow Street. The postal code is K1R 7P8.
Is 185 Preston Street still for sale?
Yes. It is an active listing (MLS® X13482170). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 185 Preston Street asking?
Similar properties for sale nearby right now include 185 Preston Street at $789,900, 367 Booth Street at $849,000 and 102 - 390 Booth Street at $574,999 (1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 185 Preston Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 185 Preston Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 4205 - West Centre Town, picked by style, size and price.
Triplex$789,900185 Preston Street, West Centre Town0 bath · 4205 - West Centre TownCourtesy of: RIGHT AT HOME REALTYView home →
Commercial retail$849,000367 Booth Street, West Centre Town4205 - West Centre TownCourtesy of: AVENUE NORTH REALTY INC.View home →
Condo apartment$574,999102 - 390 Booth Street, West Centre Town1 bed · 2 bath · 4205 - West Centre TownCourtesy of: ROYAL LEPAGE TEAM REALTYView home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.