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Key Facts
Key facts for 189 Preston Street
Property Type
Apartment, 2-Storey
Parking
Detached 1 garage, 3 parking
MLS #
X11893184
Size
-
Basement
Finished,Full
Listed on
2024-12-14
Lot size
23 x 0.0
Tax
$4,235 /yr
Days on Market
294
Approximate Age
-
Maintenance Fee
-
Description
This 1930s duplex is a fantastic investment opportunity with its prime location in the heart of Little Italy directly on Preston Street. There is so much future potential with a location like this directly on Preston st. The proximity to everything and convenient access to the LRT, Lebreton, Dows La...ke. 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 could choose to update and maintain it as a duplex, Alternatively, you could explore the option of demo and building commercial space and apartments above, tapping into the increasing demand for mixed-use developments. Considering the ongoing development and appreciation in such prime locations, 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.
