Investors and Developers take note! Prime investment opportunity on a 40.17' x 71.90' corner lot in the HEART of West Centre Town. Walk to Little Italy where you'll enjoy countless restaurants and cafes. Steps from Dow's Lake, Chinatown, LeBreton Flats, LRT & Transit, the Glebe, parks, schools, Carleton U, Civic Hospital & Heart Institute, highway 417 and much more. Multi unit offering the flexibility of immediate rental income until you are ready to develop. Maintained by the same owners for almost 40yrs and only 15 minutes to the Byward Market, U of O, Parliament Hill and the Downtown Core only adds to its appeal. If you are looking to invest in a vibrant, desirable and culture rich neighborhood, this one is for you!
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.
