Home / Listings
West Centre Town · K1R 7P8
$699,999
MLS® #X12659094
All photos · 47
4
Bedrooms
2
Bathrooms
1500-2000
Square Feet
About this property
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.
General information
Building and mechanicals
Basement
Parking and garage
Lot and land
Interior features
Features
Pool
Taxes
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 4 | Second | 9' 1" × 9' 9" |
| Bedroom 3 | Second | 10' 8" × 10' 7" |
| Living Room | Second | 11' 1" × 11' 5" |
| Kitchen | Second | 10' 5" × 7' 1" |
| Other | Second | 10' 8" × 6' 6" |
| Sunroom | Second | 4' 11" × 6' 2" |
| Foyer | Main | 5' 9" × 11' 1" |
| Living Room | Main | 14' 1" × 11' 11" |
| Bedroom | Main | 11' 9" × 12' |
| Bedroom 2 | Main | 13' 9" × 8' 6" |
| Kitchen | Main | 18' 1" × 11' 10" |
| Common Room | Lower | 21' × 11' 7" |
| Laundry | Lower | 4' 7" × 12' 1" |
| Bathroom | Lower | 0' × 0' |
| Bathroom | Second | 0' × 0' |
Mortgage estimate
Estimated monthly payment
$2,956
Down payment: $140,000 · Loan: $559,999
Estimate only. Lender rates and qualification rules change constantly. Excludes property tax, condo fees, and insurance. Always confirm with a mortgage broker before making decisions.
Virtual tour
View Virtual Tour →Listing record
Listing courtesy of: TRINITYSTONE REALTY INC.. Originating board: the A00001796.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: Jul 31, 2026.
Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.