- Size
- 1,500–2,000sq ft
- Per sq ft
- $451at the range’s middle
- Lot
- 24 x 100 ft
- Tax a year
- $4,6142025 tax year
- Parking
- 2none
- Days on market
- Members
The brief
About 185 Preston St
185 Preston St is a triplex in West Centre Town, Ottawa, listed for sale at an asking price of $789,900 (MLS® X13477190).
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)
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,614 / 2025
- MLS® number
- X13477190
- Board
- TRREB MLS®
- Property Type
- Triplex
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 24 x 100 ft
- Listed on
- Parking
- None, 2 Parking
Property details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- West Centre Town
- Municipality
- Ottawa
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Basement Type
- Other
Parking
- Garage Type
- None
- Additional Parking
- 2
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 24 ft
- Depth
- 100 ft
- Lot Size
- 24 x 100 ft
Additional
- Foundation
- Concrete
- Roof
- Flat
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 185 Preston St, Ottawa, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $789,900 | N/A | Ext | X13477190 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $157,980
- Total mortgage amount
- $631,920
- Total interest payment
- $449,280
- Total purchase cost
- $1,239,180
- Mortgage payment
- $3,604/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$3,989- Rent $0
- Shortfall $3,989
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $12,273
- Total land transfer tax
- $12,273
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $8,273
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $789,900
- $7,798
- Ontario total
- $12,273
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 2,400 sq ft223 m²
- Street frontage
- 24 ft7.3 m
- Depth
- 100 ft30.5 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation6
- Not in Rideau Valley Conservation Authority’s mapped regulated areaAt the address
- Not in the municipality’s mapped flood areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m52 test or monitoring holes also recorded.250 m
- Groundwater recorded about 2.9 m below ground nearbyThe middle water level in the well records within 500 m (305 records). It changes with the season and from spot to spot.500 m
- Bedrock about 7.6 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Rideau Valley Conservation Authority · Municipal flood mapping · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 7.6 km7.6 km
Province of Ontario open data
Around the home3
- Nearest rail line: 280 m280 m
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 90 m away. Routes and stops change; check the agency’s schedule.400 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data · Municipal transit open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Public Works and Government Services Canada — Cliff Central Heating and Cooling Plant, 1.8 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 21 federal contaminated sites within 1 km8 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Hydro Ottawa LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: OmniTEC Wireless, PioneerWireless, Rogers, Storm Internet, Xplore. Mobile: Bell, Rogers, Telus, Vidéotron. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Rideau Valley Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – City of Ottawa. Contains information licensed under the Open Government Licence – Ontario.
The market
Multiplexes for sale in West Centre Town right now
- For sale now
- 7
- Median asking price
- $790K
- New in 7 days
- 0
- Price cuts
- 57%
Middle half: $757K to $834K
1 in 28 days
4 listings
This home is asking at the median.
See all homes in West Centre TownAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Corso Italia | OC Transpo light rail: O-Train Line 2 | 250 m |
| Pimisi | OC Transpo light rail: O-Train Line 1 | 750 m |
| Bayview | OC Transpo light rail: O-Train Line 1, O-Train Line 2 | 800 m |
| Dow's Lake | OC Transpo light rail: O-Train Line 2 | 1 km |
| Westboro | OC Transpo bus rapid transit: Transitway | 3.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: OC Transpo schedule data (GTFS) from the City of Ottawa under the Open Government Licence – City of Ottawa, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – City of Ottawa.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Anthony Elementary SchoolOttawa Catholic School Board | Catholic · grades JK–6 · French Immersion | 350 m | 86%Grade 3 average |
| Devonshire Community Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 500 m | 85%Grade 6 average |
| Cambridge Street Community Public SchoolOttawa-Carleton DSB | Public · grades JK–6 · French Immersion | 600 m | 54%Grade 6 average |
| École élémentaire publique Louise-ArbourConseil des écoles publiques de l'Est de l'Ontario | French-language public · grades JK–8 | 800 m | 83%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire catholique Saint-Jean-BaptisteConseil des écoles catholiques du Centre-Est | French-language Catholic · grades 9–12 | 650 m | — |
| Richard Pfaff Secondary Alternate SiteOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 900 m | — |
| Urban Aboriginal Alternate High SchoolOttawa-Carleton DSB | Public · grades 9–12 · French Immersion | 1.3 km | — |
| Immaculata High SchoolOttawa Catholic School Board | Catholic · grades 9–12 · French Immersion | 2.6 km | 55%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in West Centre Town are shown to signed-in members.