K1R7R5 Real Estate

K1R7R5 Real Estate

Welcome to the vibrant neighborhood of K1R 7R5, nestled in the heart of Ottawa, Ontario! This charming zip code is a part of the city's bustling downtown area, offering residents an exceptional blend of urban convenience and local charm. Known for its rich history and cultural diversity, K1R 7R5 is an ideal place for those seeking a dynamic lifestyle.

As you explore this area, you'll discover a delightful mix of historic architecture and modern amenities. The streets are lined with quaint cafes, trendy boutiques, and art galleries, making it a haven for creatives and food enthusiasts alike. The nearby Ottawa River provides a stunning backdrop for outdoor activities, from leisurely strolls along the waterfront to invigorating bike rides on scenic trails.

Families will appreciate the proximity to excellent schools and parks, ensuring that children have access to quality education and green spaces for play. K1R 7R5 is also well-connected to public transportation, making commuting a breeze for professionals working in the city or beyond.

Cultural attractions abound, with the National Arts Centre and the Canadian Museum of History just a short distance away. Residents can immerse themselves in Ottawa's vibrant arts scene or partake in the numerous festivals that celebrate the city’s rich heritage.

Whether you’re a young professional, a growing family, or a retiree looking for a lively community, K1R 7R5 offers something for everyone. Discover the charm of this Ottawa neighborhood and envision your future in a place where history meets modern living!

Newest Listings in K1R7R5

$1,200,000
4 Baths ⋅ X13639936 MLS® #
Prime mixed-use opportunity in the heart of Little Italy! Welcome to 266 Preston Street, ideally located along one of Ottawa's most vibrant and established commercial corridors. Excellent street presence and visibility, surrounded by restaurants, cafés, shops, residential developments and neighborhood amenities. The main-floor commercial space is currently configured as a turnkey restaurant, providing an excellent opportunity for an operator to establish or expand a food-service business with much of the existing infrastructure already in place. The versatile commercial layout could also be reimagined for other uses, potentially including a medical or wellness clinic, professional offices, convenience store, specialty retail, personal services, showroom or other commercial concepts, subject to zoning and approvals. Zoned Traditional Mainstreet (TM), the property offers flexibility to retain the existing restaurant operation or renovate and reposition the space for a different business model. The upper-level residential unit provides an additional income stream, with estimated rental potential of approximately $2,000/month, or could provide convenient accommodation for an owner-operator. Located close to the LRT, Dow's Lake and downtown Ottawa, with continued growth and intensification along Preston Street, this property offers strong long-term potential in one of Ottawa's most recognizable neighborhoods. Vendor Takeback (VTB) available - up to 25% of purchase price. Proposed as a second mortgage behind institutional financing, with a 2-3 year term, interest rate of approximately 6%-8% (negotiable), interest-only payments preferred and balloon payment at maturity. Flexible terms may be considered based on buyer qualifications. Whether you're seeking a turnkey restaurant, commercial space for a new business, conversion opportunity or mixed-use investment, 266 Preston Street offers location, visibility, flexibility and financing options. (id:5764)

266 Preston Street North, Ottawa

Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY.

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