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$1,200,000
Ontario,Ottawa
For Sale Active
266 PRESTON STREET N, Ottawa, Ontario K1R7R5
  • 4
  • 1,650 Sqft
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X13639936
  • Price: $1,200,000
  • Bathrooms: 4
  • Square Footage: 1,650 Sqft
  • Status: Active
  • Office Name: ROYAL LEPAGE INTEGRITY REALTY
  • Property Sub Type: Business
  • Office Key: 61051
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Ottawa, K1R7R5
  • Street: Preston
  • Street Number: 266
  • Street Suffix: Street
  • Longitude: W76° 17' 16.7''
  • Latitude: N45° 24' 15.2''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Lot Features:
  • Lot Size Dimensions: 26.28 x 99.88 FT
Financial
  • Tax Annual Amount: 11809
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Listing updated: 2026-08-16 13:12:35
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Listing Information
  • List Agent Key: 2066269
  • List Office Key: 61051
  • Modification Timestamp: 2026-08-05T16:30:06Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-08-05T16:24:08Z
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Listing updated: 2026-08-16 13:12:35
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