139-141 Preston Street
West Centre Town, ON
- 11,404 sqft
- Investment
- 145 days on market
Palazzi Place is a mixed-use investment opportunity comprising 20 residential apartments and 4 ground-floor street front retail units, with income-in-place Net Operating Income of approximately $320,000.Ideally positioned in one of Ottawa's most vibrant and evolving urban neighbourhoods, the property benefits from strong rental demand driven by location, character, and long-term area growth.
Listing Details
- Taxes (2025)
- $64,325
- Originally Listed
- $1
- Listed
- April 8, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 99 x 99 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Somerset Street West
- Zoning
- MS1[78] H(19.5)
- Parcel Number
- 041080027
- Possession
- Other
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 13 To 20 Units
Included
- Exclusions
- tenants possessions
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
Commercial in West Centre Town · last 12 months
- Median sold price
- $675,000
- Homes sold
- 177
- Median days on market
- 20
- Sale-to-list price
- 98.2%
Based on 177 recorded sales of commercial properties in West Centre Town over the last 12 months.
Listed by
ROYAL LEPAGE TEAM REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 11,404 sq ft
- Price per sq ft
- $561.21
- Annual property tax
- $64,325
- Tax per sq ft
- $5.64
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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