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$1,200,000
Available - For Sale
Listing ID: X13639936
266 Preston Street North , West Centre Town, K1R 7R5, Ottawa
| 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. |
| Price | $1,200,000 |
| Taxes: | $11809.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 266 Preston Street North , West Centre Town, K1R 7R5, Ottawa |
| Postal Code: | K1R 7R5 |
| Province/State: | Ottawa |
| Directions/Cross Streets: | Preston and Gladstone |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 1650.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Days Open: | O |
| Sprinklers: | No |
| Washrooms: | 4 |
| Outside Storage: | F |
| Soil Test: | No |
| Clear Height Feet: | 6 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| ROYAL LEPAGE INTEGRITY REALTY |
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|
Anne Saint-Amour
Sales Representative
Bus:
905-878-8101
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Ottawa |
| Municipality: | West Centre Town |
| Neighbourhood: | 4205 - West Centre Town |
| Approximate Age: | 51-99 |
| Tax: | $11,809 |
| Baths: | 4 |
| Fireplace: | N |
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