Centretown Homes For Sale

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For sale
$789,900
185 PRESTON STREET, Ottawa, Ontario

185 Preston Street

Ottawa, Ontario

Prime redevelopment and value-add opportunity in the heart of Ottawa’s Little Italy. Existing triplex with approved plans and supporting consultant reports for conversion to a mixed-use building consisting of a ground-floor commercial unit and two residential units above. Extensive pre-development work has been completed, including architectural drawings, structural review, Hydro Ottawa clearance review, mechanical design and permit-related submissions. Purchasers benefit from significant time savings by acquiring a project that has already progressed through the planning and design process. The proposed design retains the existing structure while introducing a modern mixed-use layout suited for retail, professional office, service commercial or similar permitted uses. Rear parking available. Located within one of Ottawa’s most established urban corridors, minutes from Dow’s Lake, the future Ottawa Senators arena district, Chinatown, the Rideau Canal, public transit and major employment nodes. An excellent opportunity for builders, contractors, investors and owner-operators seeking a manageable urban infill project with substantial due diligence already completed. (Renderings depict a conceptual representation of the proposed redevelopment) (id:50982)

2,700 sqft
For sale
$294,900
288 BANK STREET, Ottawa, Ontario

288 Bank Street

Ottawa, Ontario

Rare opportunity to acquire a fully equipped turnkey restaurant in the heart of Centretown at the highly visible intersection of Bank Street and Somerset Street. This established location has operated continuously as a pizza restaurant for approximately 15 years and features approximately 1,500 sq. ft. of main floor restaurant space with seating for 30 guests, plus an additional 1,100 sq. ft. basement offering future expansion potential for private events, catering operations, storage, or additional revenue-generating uses. The premises have benefited from extensive capital investment and feature a fully equipped turnkey restaurant operation with modern kitchen infrastructure, refrigeration systems, food preparation stations, digital ordering technology and quality leasehold improvements throughout. The estimated replacement value of the equipment, improvements and build-out is significant, presenting an opportunity for a purchaser to acquire an established operation without the substantial capital expenditure, permitting delays and construction timelines typically associated with developing a comparable restaurant from scratch. The business also benefits from a highly favourable gross lease structure, providing predictable occupancy costs with property taxes, common area maintenance, snow removal, building insurance and other operating costs included in the rent, a significant advantage. Prime Bank Street exposure benefits from exceptional pedestrian and vehicle traffic in one of Ottawa’s busiest commercial corridors. Ideal opportunity for an owner-operator seeking an established location with existing infrastructure and future growth potential. (id:50982)

1,500 sqft
For sale
$789,900
185 PRESTON STREET, Ottawa, Ontario

185 Preston Street

Ottawa, Ontario

Prime redevelopment and value-add opportunity in the heart of Ottawa’s Little Italy. Existing triplex with approved plans and supporting consultant reports for conversion to a mixed-use building consisting of a ground-floor commercial unit and two residential units above. Extensive pre-development work has been completed, including architectural drawings, structural review, Hydro Ottawa clearance review, mechanical design and permit-related submissions. Purchasers benefit from significant time savings by acquiring a project that has already progressed through the planning and design process. The proposed design retains the existing structure while introducing a modern mixed-use layout suited for retail, professional office, service commercial or similar permitted uses. Rear parking available. Located within one of Ottawa’s most established urban corridors, minutes from Dow’s Lake, the future Ottawa Senators arena district, Chinatown, the Rideau Canal, public transit and major employment nodes. An excellent opportunity for builders, contractors, investors and owner-operators seeking a manageable urban infill project with substantial due diligence already completed. (Renderings depict a conceptual representation of the proposed redevelopment) (id:50982)

1,500 – 2,000 sqft
For sale
$939,000
723 - 349 MCLEOD STREET, Ottawa, Ontario

723 – 349 Mcleod Street

Ottawa, Ontario

Rare 2-Bedroom + Den Sub-Penthouse with Spectacular 400+ SqFt Terrace in the Heart of Centretown! This exceptional 1200+ SqFt residence offers the perfect combination of space, light and urban convenience. Floor to Ceiling windows spanning two exterior walls flood the open concept living area with natural light while showcasing sweeping South-West views. The Kitchen features full size wood cabinets, upgraded stainless appliances, white quartz counters, large island and generous dining area. The massive great room is the place to relax and unwind as the sun sets behind you. The master bedroom features a walk-in closet and luxury ensuite with double sinks. The second bedroom features western terrace views. Additional large den makes a great office! The sub-ph features a rare 400 sqft+ square terrace. Great for entertaining and a location that’s got a 97 walk score. Upgrades include…Stove (April 2021) HVAC (September 2023) Floor (October 2024) Washer/Dryer (September 2025) Counter tops (September 2025) (id:50982)

2 Bedroom 2 Bathroom 1,200 – 1,399 sqft
For sale
$1,425,000
14 SOMERSET STREET W, Ottawa, Ontario

14 Somerset Street W

Ottawa, Ontario

So much potential and charm! Check out this triplex steps away from the Rideau Canal, restaurants,Parliament Hill, University of Ottawa & much more! Located in one of the most sought-after areas in the Golden Triangle. Very large main floor features 2 bedrooms as well as an office/den area (currently used as a 3rd bedroom), large living room with a fireplace & a ton of natural light! 2nd floor features 1 bedroom, formal dining area/office, sitting room & its own large balcony. 3rd floor features 2 bedrooms, an office/formal dinning area & has a ton of natural light throughout! Updates include: Maize Siding & Eavestroughing, windows, roof, boiler (2018) maintenance every year, driveway & more! Main floor will be vacant upon closing – perfect for owner occupied unit with additional income from the other units, or investment opportunity! (id:50982)

5 Bedroom 3 Bathroom 2,500 – 3,000 sqft
For sale
$2,600,000
43-45 ECCLES STREET W, Ottawa, Ontario

43-45 Eccles Street W

Ottawa, Ontario

Tremendous value in this architecturally stunning, all-brick asset in the heart of one of Ottawa’s most dynamic central neighborhood nodes. 43-45 Eccles is a meticulously maintained, fully renovated 2-storey heritage-style building plus finished lower level, featuring soaring ceilings, oversized windows on all sides, secure FOB access, and 11 on-site parking spaces. A rare bonus: a separate stand-alone retail building with its own entrance that is also connected to the main building-ideal for a range of uses and/or a distinct tenant profile. The main floor is completely renovated in a modern, “tech-style” layout with glass partitions, meeting rooms/boardroom capability, kitchen/lunch area, washrooms, and a striking mezzanine element with additional office space. The second level offers an inspiring open concept with high ceilings, huge windows, additional meeting space, washrooms, and kitchenette-perfect for office, studio/creative, wellness, or even congregation-style users. The stand-alone retail component is versatile, bright, and open with high ceilings, 3 offices, kitchenette, and two fully renovated washrooms. Flexible acquisition strategy: 1. Vacant possession available for an owner-occupier, or 2. Fully leased scenario would deliver an NOI of $220,550 equating to an approx. 8.5% cap rate at $2.6M (buyer to verify). Central location between major urban districts with quick access to downtown, transit/LRT, and key commuter routes. A true trophy building with real usability-owner-occupy part (or all) and offset carrying costs, or hold as a stabilized, character-rich investment. (id:50982)

12,000 sqft
For sale
$295,000
1009 - 224 LYON STREET N, Ottawa, Ontario

1009 – 224 Lyon Street N

Ottawa, Ontario

Experience urban sophistication at 224 Lyon Street in the iconic Gotham building, where this meticulously designed studio apartment offers a functional layout that stands out from the rest. The interior features elegant dark hardwood floors and a modern white kitchen equipped with premium stainless steel appliances and sleek quartz countertops, complemented by the convenience of in-suite laundry and a full bathroom with a tub-shower combination. While the separate den is a signature Gotham feature that provides a distinct sleeping area for improved privacy, this specific unit is further distinguished by a patio door that is thoughtfully offset from the wall. This unique architectural detail maximizes usable floor space compared to other models, allowing for additional furniture placement along the exterior wall and a private balcony that enjoys the afternoon sun. Beyond the unit, residents enjoy a huge party room with a sunny south-facing balcony and BBQ area, an on-site concierge for secure package handling, and enhanced peace of mind with secure access featuring an after-hours second security door. This clever use of space and comprehensive building service package make this property a premier choice for those seeking style and spatial efficiency in the heart of the city. (id:50982)

1 Bathroom 0 – 499 sqft
For sale
$149,900
5 - 464 BANK STREET, Ottawa, Ontario

5 – 464 Bank Street

Ottawa, Ontario

The business is easy to run and learn. No experience necessary. No real inventory or cost of goods. Simple easy business with lots of up-side. A rare opportunity to acquire the only dedicated flotation therapy spa in the City of Ottawa. Located in the heart of downtown, this fully built-out, beautifully designed wellness space offers a unique, competition-free position in a growing health and recovery market. As the sole provider of float therapy in the city, this business has established itself as Ottawa’s destination for stress relief, mental clarity, athletic recovery, and holistic wellness. With growing awareness around mental health, burnout prevention, and recovery therapies, flotation therapy continues to gain traction making this a strategic acquisition for a wellness entrepreneur or investor looking to own a truly unique offering in the nation’s capital. Additional services can be added. Everything to run the business is included in the sale including name, number, website etc… (id:50982)

For sale
$2,450,000
499 PRESTON STREET, Ottawa, Ontario

499 Preston Street

Ottawa, Ontario

One of Ottawa’s most distinctive commercial addresses is now available for acquisition. This 1983 church conversion at 499 Preston Street anchors the Little Italy and Dow’s Lake corridor, surrounded by the city’s densest concentration of restaurants, entertainment venues, and major new condominium development reshaping the entire stretch. The building offers approximately 4,348 square feet on a 50 x 76 foot lot and delivers the kind of presence and character that simply cannot be built from scratch at this price point.The Mainstreet (TM) zoning is one of the most flexible commercial designations in Ottawa, and that is a significant part of the story here. It opens the door to restaurants, bars, entertainment venues, retail, medical and wellness clinics, professional offices, and institutional uses, all permitted within the same envelope. For a buyer with a hospitality or entertainment concept, the location and the zoning are a near-perfect match. Preston Street at Dow’s Lake is already one of the city’s top dining and entertainment destinations, and this building sits right at its centre. The interior supports ambitious buildouts. Two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and wide open floor plates give any incoming operator a serious head start. Long-term redevelopment potential adds another layer of value for investors thinking beyond the immediate use.Specialised commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified purchasers. Available with vacant possession and ready for your vision. Buyer to verify all measurements and permitted uses. (id:50982)

4,348 sqft
For sale
$2,650,000
499 PRESTON STREET, Ottawa, Ontario

499 Preston Street

Ottawa, Ontario

A rare going-concern opportunity in one of Ottawa’s most recognizable buildings. This landmark 1983 church conversion at 499 Preston Street sits at the heart of Little Italy and the Dow’s Lake entertainment corridor, one of the city’s most trafficked and culturally vibrant stretches. The property spans approximately 4,348 square feet on a 50 x 76-foot lot with Mainstreet (TM) zoning and offers the kind of visibility that most commercial operators spend years trying to earn. What makes this exceptional is what comes with the building. The business is established, operational, and generating revenue with an active client base and multi-year contracts already in place. The books are open for qualified buyers to review, and current ownership is committed to a proper transition. Run it as is, scale it, or bring your own vision entirely. For the right entrepreneur, this is not a startup. It is a running operation with infrastructure, clientele, and cash flow from day one. The space is purpose-built for collaboration and hospitality. Features include two kitchenettes, 5 bathrooms including one with a shower, soaring ceilings, and expansive open-concept areas suited to events, wellness, professional services, or creative industries. Mainstreet zoning supports retail, restaurant, medical, office, and institutional uses. Steps from Dow’s Lake, the Civic Hospital, and the luxury condominium developments reshaping this corridor, the location is only gaining momentum. Specialized commercial financing is available through our lending connections, with strong loan-to-value ratios accessible for qualified buyers. Buyer to verify all measurements and permitted uses. (id:50982)

4,348 sqft
For sale
$339,000
702 - 300 LISGAR STREET, Ottawa, Ontario

702 – 300 Lisgar Street

Ottawa, Ontario

Welcome to SoHo Lisgar, where luxury meets convenience in the heart of Downtown Ottawa. Just steps from fine dining, upscale shopping, transit, and the city’s best entertainment, this stylish address offers the ultimate urban lifestyle. Enjoy nearby cafes, art galleries, nightlife, and cultural attractions, or unwind with a peaceful stroll through surrounding parks and green spaces. Unit 702 is a thoughtfully designed **fully furnished** 1-bedroom + den suite that seamlessly blends elegance with everyday functionality. The open-concept layout is enhanced by floor-to-ceiling windows that flood the space with natural light, creating a bright and inviting atmosphere. Premium finishes and high-end appliances lend a sophisticated touch, while the spa-inspired bathroom offers a serene retreat.The spacious den is ideal for a home office and is large enough to accommodate a pull-out couch or Murphy bed perfect for guests or flexible living. Ample closet space, sleek design elements, and a smart layout make this condo both practical and luxurious. Comes fully furnished! With easy access to public transit and the LRT, commuting is a breeze whether you’re headed to the office or out on the town. Discover refined living in one of Ottawas most vibrant neighbourhoods. (id:50982)

1 Bedroom 1 Bathroom 500 – 599 sqft
For sale
$869,900
395 MCLEOD STREET, Ottawa, Ontario

395 Mcleod Street

Ottawa, Ontario

395 McLeod Street represents a compelling investment opportunity in the heart of Centretown, one of Ottawa’s most established and consistently in demand urban neighbourhoods. As of July 2025, the property generated $59,582.64 in gross rental income, with total operating expenses of $19,510.59, resulting in a strong net income of $40,072.05. These figures reflect stable performance, efficient cost management, and dependable cash flow, making the property well suited for investors seeking both income reliability and long term value preservation.Centrally located, the property benefits from exceptional walkability and proximity to downtown Ottawa, Parliament Hill, major employment hubs, and key transit routes. The surrounding area is anchored by the vibrant commercial corridors of Bank Street and Elgin Street, offering a wide range of restaurants, retail, and daily amenities. This location continues to attract a diverse and stable tenant base, including government employees, professionals, and students, supporting consistent rental demand and favourable long term growth potential. With its strong financials and prime urban setting, 395 McLeod Street is a solid addition to a well balanced real estate investment portfolio. (id:50982)

5 Bedroom 4 Bathroom 2,000 – 2,500 sqft

About Centretown

Looking for a home in Centretown? This vibrant urban neighbourhood sits at the heart of Downtown Ottawa, offering condos, townhomes, and heritage properties within walking distance of the ByWard Market, Elgin Street, and the city’s best dining and transit. It’s an ideal fit for professionals and downsizers who want to be close to everything.

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