224 PRESTON STREET, Ottawa

$1/mo

For rent: Other

Other at 224 PRESTON STREET, Ottawa
Property type
Commercial Retail
MLS®
MLS® X13875588
Neighbourhood
4205 - West Centre Town

New construction at 224 Preston Street in the heart of Little Italy. Two ground-floor commercial units at the base of a new mixed-use building. Unit 1 is 1,115 sf with frontage on Preston Street. Unit 2 is 561 sf on the Larch Street side, a rare small unit in the core. Mainstreet (MS1) zoning permits a wide range of uses including retail, medical, office, personal service, instructional and fitness. No parking is required for any use under the site-specific zoning. Corso Italia O-Train station is about 200 metres away. Units available individually. Additional rent does not include utilities, which are separate.

Sold data

Homes in West Centre Town — recent sold market

Homes in West Centre Town took a median of 28 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 57, across 133 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 51 days.

The median sale price was $617,900.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 14% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$617,900
Sale-to-list ratio
97.5%
Sold above asking
14%

Based on 133 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Ottawa

Ottawa has 217 Fraser Institute–rated schools (174 elementary and 43 secondary), averaging 6.2/10.

Rated schools
217
Elementary
174
Secondary
43
Average rating
6.2 / 10

Top-rated schools in Ottawa

  • Hopewell Avenue — elementaryFraser rating 8.5/10
  • Agincourt Road — elementaryFraser rating 8.4/10
  • First Avenue — elementaryFraser rating 8.4/10
  • Nepean — secondaryFraser rating 8.3/10
  • Elmdale — elementaryFraser rating 8.2/10
  • Jean-Robert Gauthier — elementaryFraser rating 8.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 224 PRESTON STREET