This 1930s duplex is a fantastic investment opportunity with its prime location in the heart of Little Italy directly on Preston Street and so much future potential with a location like this. The proximity to everything and convenient access to the LRT, Lebreton, Dows Lake. Many places within walking distance making you want to stay local especially in this vibrant and culturally rich neighborhood. The duplex has two separate units, each with separate hydro meters. You can enter both units from the front or close it off and make the back entrance only for the lower unit. Choose to update and maintain it as a duplex, Alternatively, you could explore the option of demo the building and create a commercial space and apartments above, tapping into the increasing demand for mixed-use developments. Considering the ongoing development and appreciation in such a prime location, investing in this property for the future seems like a easy decision. The potential for rental income coupled with the opportunity for future development and appreciation makes it an attractive prospect for investors looking for long-term growth.TM Zoning, Same owners 40+ years. Flexible closing. Book an appointment to check out this fantastic future opportunity.
Address
189 Preston Street
List Price
$789,999
MLS® Status
New
Expiration Date
2025-12-30
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2-Storey
Transaction Type
Sale
Area
West Centre Town
Sub-Area
4205 - West Centre Town
Region
Ottawa
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
8
Bathrooms
2
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
102.95
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
22.62
Parcel Number
041080179
Occupant Type
Owner
Cross Street
Preston street and Laurel St E
MLS® Number
X12444218
Listing Brokerage
TRINITYSTONE REALTY INC.
Basement Area
Full, Finished
Postal Code
K1R 7P8
Posession Details
TBA
Parking Places (Total)
3
Parking Spaces
2
Tax Amount
$4,235.00
Tax Year
2024
Interior Features
Carpet Free, Primary Bedroom - Main Floor
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick, Brick Front
Direction Faces
East
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LTS 4 & 5, PL 62 , AS IN NS134939, S/T & T/WNS134939, S/T CR567251 & CR667071 ;OTTAWA/NEPEAN
Waterfront
No
Sewer
Sewer
