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    For Sale - 266 Preston Street, West Centre Town, Ontario

    Est payment $5,762/mo
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    Time on Jump  8 day




    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.
    Listing IDX13639936
    Address266 Preston Street
    CityWest Centre Town, Ontario
    Price$1,200,000
    Bath4 Full
    StyleInvestment
    Land Size2680
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  ROYAL LEPAGE INTEGRITY REALTY

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    266 Preston Street
    West Centre Town , Ontario
    4 $1,200,000
    Get more info