All photos · 47
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.
TRINITYSTONE REALTY INC.
MLS®# X12659094 · Last modified 2026-04-17
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 herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Listing data provided under copyright by the A00001796 and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.
Stephan Gauthier is a Broker with Real Broker Ontario Ltd., Brokerage. Each office independently owned and operated.
| 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' |
Measurements deemed reliable but not guaranteed.
Estimated monthly payment
$3,439
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.