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$ 849,900
Est. payment /mo
Active
189 PRESTON ST Ottawa, ON K1R 7P8
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Other Types
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1410928
Style Detached
Bedrooms 4
Year Built 1930
Annual Tax Amount $4,235
Tax Year 2023
Property Sub-Type Residential
Property Description
This 1930s duplex is a fantastic investment opportunity with its prime location in the heart of Little Italy directly on Preston Street. 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 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.
Location
Province ON
Rooms
Basement Full
Interior
Heating Natural Gas
Flooring Hardwood, Mixed
Exterior
Parking Features 1 Garage Attached
Garage Spaces 1.0
Roof Type Asphalt Shingle
Building
Dwelling Type 2 Storey
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Brick
Listed by TRINITYSTONE REALTY INC.