139-141 Preston Street, West Centre Town, ON K1R 7P4

West Centre Town, ON K1R 7P4

$6,400,000 Est. $27,183/mo · 20% down, 25-yr, 4.09%

99 × 99 ftLot

InvestmentType

About this property

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 property benefits from strong rental demand driven by location, character, and long-term area growth.

Property Summary

Property TypeInvestment

Community Name4205 - West Centre Town

Land Size99 x 99 ft

Age of Building51-99

Annual Property Taxes$64,325.00

Tax Year2025

Parking TypeNone Garage

Building details

Bathrooms / washrooms0

Property typeInvestment

Approximate age51-99

Lot & land

Lot dimensions99 × 99 ft

Lot frontage99 ft

Lot depth99 ft

Interior Features

Exclusionstenants possessions

Building Features

StyleInvestment

Fire ProtectionNo

Heating & Cooling

CoolingNo

Heating TypeGas Hot Water

Utilities

Utility SewerSanitary

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$64,325 (2025)

Listing history

On market sinceApr 8, 2026

Original list price$1

Listed by ROYAL LEPAGE TEAM REALTY, Brokerage · Listing data sourced from TRREB®, refreshed nightly.

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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.