185 Preston Street, Ottawa, Ontario

$789,900

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2,700

Square feet

About 185 Preston Street

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:36535)

Features of 185 Preston Street

Listing # X13482170
Price $789,900
Bathrooms 0.00
Square Footage 2,700
Acres 0.00
Type Multi-family

Community Information

Address 185 Preston Street
Subdivision 4205 - West Centre Town
City Ottawa
Province Ontario
Postal Code K1R7P8

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling Fully air conditioned
Fireplace No
Has Basement No

Exterior

Lot Description 24 x 100 FT

Listing Details

OfficeCourtesy Of RIGHT AT HOME REALTY

Listing Map