$6,400,000 Sale

Listed 187 days ago

139-141 Preston Street

MLS® x12975360 Investment

Your request was received!

We'll be in touch soon to confirm the details.

Date:

Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$24,280/mo

Property Taxes

$64,325/yr

Listing History

Buy/Sell/Terminated/Expired listing history for 139-141 Preston Street

Date	Days on Market	Price	Event	Listing ID

5/8/2026	-	$6,400,000	For Sale	X12975360
4/8/2026	188	¤6,400,000	Listed

For Sale $6,400,000

5/8/2026

Listing ID X12975360

Days On Market -

Date Listed 4/8/2026

Listed Price $6,400,000

Key Facts

Key facts for 139-141 Preston Street

Property Type

Commercial

Parking

None

MLS #

X12975360

Size

Basement

Listed on

2026-04-08

Lot size

99 x 99.0

Tax

$64,325 /yr

Days on Market

188

Approximate Age

51-99

Maintenance Fee

Description

Palazzi Place is a mixed-use investment opportunity comprising 20 residential apartments and 4 ground-floor street front retail units, with income-in-place Net Operating Income of approximately $320,000.Ideally positioned in one of Ottawa's most vibrant and evolving urban neighbourhoods, the propert...y benefits from strong rental demand driven by location, character, and long-term area growth.

Full Property Details

General

Business Type

Apts - 13 To 20 Units

Retail Area

3280.00 Sq Ft

Total Area

11404.00 Square Feet

Sprinklers

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Business Type

Apts - 13 To 20 Units

Retail Area

3280.00 Sq Ft

Total Area

11404.00 Square Feet

Sprinklers

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Interior

Washrooms

Heating Fuel

Gas Hot Water

Air Conditioning

Washrooms

Heating Fuel

Gas Hot Water

Air Conditioning

Exterior

Depth

99.0

Front

99.0

Lot Size

99 x 99.0 ft

Parking Spaces

Total Parking Spaces

Parking Description

None

Garage Spaces

Zoning

MS1[78] H(19.5)

Depth

99.0

Front

99.0

Lot Size

99 x 99.0 ft

Parking Spaces

Total Parking Spaces

Parking Description

None

Garage Spaces

Zoning

MS1[78] H(19.5)

Building Description

Home Type

Commercial

Subtype

Investment

Year Built

51-99

Sewers

Sanitary

Water Supply

Municipal

Possession Date

No Data

Home Type

Commercial

Subtype

Investment

Year Built

51-99

Sewers

Sanitary

Water Supply

Municipal

Possession Date

No Data

Community

West Centre Town

Community

West Centre Town

Taxes & Fees

Taxes

$64,325 /yr

Tax Year

2025

Occupancy

Tenant

Taxes

$64,325 /yr

Tax Year

2025

Occupancy

Tenant

Similar Properties (No results)

Mortgage Calculator

Calculate your estimated monthly mortgage payment

Price $6,400,000

Down payment

Interest rate

Amortization

Total cost of mortgage

Monthly payment

By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).

The accuracy and applicability of this calculator are not guaranteed.

Marwan Khalil

Email: [email protected] Cell: 613-898-2442