189 Preston Street
West Centre Town, ON
- 4 bed
- 2 bath
- approx. 1500-2000 sqft
- Duplex
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $4,435
- Originally Listed
- $789,900
- Listed
- January 2, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Brick, Brick Front
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Interior
- Accessory Apartment, Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter, Water Heater Owned, Storage
- Lot Size
- 22.62 x 102.95 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Preston street and Laurel St E
- Zoning
- TM [78] H(15)
- Parcel Number
- 041080179
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- 2 Fridges, 2 stoves, dryer, washer, hot water tank
- Rental Items
- None
Schools
Secondary
- Adult High School0.3 km
Public · Ottawa-Carleton DSB · 1010 students
- École secondaire catholique Saint-Jean-Baptiste0.6 km
French Catholic · CSDC du Centre-Est de l'Ontario
- Richard Pfaff Secondary Alternate Site0.9 km
Public · Ottawa-Carleton DSB · 225 students
Elementary
- St Anthony Elementary School0.3 km
Catholic · Ottawa CSB · 105 students
Grade 3 reading: 100% met the provincial standard
- Devonshire Community Public School0.5 km
Public · Ottawa-Carleton DSB · 300 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 65% met the provincial standard
- Cambridge Street Community Public School0.6 km
Public · Ottawa-Carleton DSB · 95 students
Grade 6 math: 23% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K1R
- Population
- 20,343
- Private dwellings
- 12,836
- Median age
- 36
- Average household size
- 1.7
- Median household income
- $74,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in West Centre Town · last 12 months
- Median sold price
- $667,000
- Homes sold
- 175
- Median days on market
- 20
- Sale-to-list price
- 98.0%
Based on 175 recorded sales of residential freehold properties in West Centre Town over the last 12 months.
Rooms
4-piece on Lower, 4-piece on Second
Second
- Bathroom
- Bedroom 310'8" x 10'7"
- Bedroom 49'1" x 9'9"
- Kitchen10'5" x 7'1"
- Living Room11'1" x 11'5"
- Other10'8" x 6'6"
- Sunroom4'11" x 6'2"
Main
- Bedroom11'9" x 12'
- Bedroom 213'9" x 8'6"
- Foyer5'9" x 11'1"
- Kitchen18'1" x 11'10"
- Living Room14'1" x 11'11"
Lower
- Bathroom
- Common Room21' x 11'7"
- Laundry4'7" x 12'1"
Listed by
TRINITYSTONE REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$140,000
Estimated Monthly Payment
$3,439
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,439/mo (20% down, 5.5%)
Taxes: $370/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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