266 Preston Street N,West Centre Town, ON K1R 7R5
West Centre Town, ON K1R 7R5
Description
Prime mixed-use investment opportunity in the heart of Little Italy! Welcome to 266 Preston Street, ideally situated along one of Ottawa's most vibrant and sought-after commercial corridors. This high-visibility property benefits from constant foot traffic, strong surrounding retail presence, and close proximity to the LRT, Dow's Lake, and downtown Ottawa. Zoned Traditional Mainstreet (TM), this property offers exceptional flexibility for a wide range of commercial and residential uses. The versatile layout presents an excellent opportunity for investors, developers, or owner-operators to generate multiple income streams or establish a flagship business location with residential space above. The upper-level residential unit offers strong income potential, with estimated rent of approximately $2,000 per month, providing an attractive opportunity for additional cash flow or owner occupancy. With continued growth, intensification, and redevelopment along Preston Street, this property represents a strategic long-term hold in a high-demand urban location. Surrounded by established restaurants, cafés, and boutique shops, and positioned in one of Ottawa's most dynamic neighborhoods, this is a rare opportunity to secure a premium mixed-use asset. Vendor Takeback (VTB) available - 25% of purchase price. Structured as a second mortgage behind institutional financing, 2-3 year term, interest rate in the range of 6%-8% (to be negotiated), interest-only payments preferred, with balloon payment at maturity. Flexible terms may be considered depending on buyer qualifications. VTB presents a significant advantage for buyers seeking to reduce upfront capital requirements and improve overall leverage. Ideal for investors looking to maximize returns in a high-demand urban corridor. Don't miss your chance to invest in one of Ottawa's most desirable and evolving main streets.
Details
| MLS # | X13639936 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 15 |
| Listing Provided By | ROYAL LEPAGE INTEGRITY REALTY | X13639936 493500 |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 1,650 |
| Acreage | 0.04 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 11809 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 7R5 |
| Area | 4205 West Centre Town |
| Listing VS Median (in K1R 7R5) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 1,650 low | high Med: 1,650 $ / sqft: $727 low | high Med: $727 On site: 15 low | high Med: 15 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | West Centre Town |
| Postal Code | K1R 7R5 |
| Area | 4205 West Centre Town |
| Listing VS Median (in K1R 7R5) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 1,650 low | high Med: 1,650 $ / sqft: $727 low | high Med: $727 On site: 15 low | high Med: 15 | |
