Re-listed 9 days ago

189 Preston St, Ottawa, Ontario K1R 7P8

Townhouse
4
2
~1500-2000 sqft
$•••,•••
$789,999
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Townhouse
4
2
~1500-2000 sqft

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Highlights

Property Estimate

Days on market9 days

Total days on market
395 days

Estimated valueNot available

Price/Sqft$460/sqft

Monthly cost

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CMA Subject Property

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+2

Properties sold*

$684K

Median sold price*

*Based on last 30 days

Description

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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size2,328 SqFt(102.95 x 22.62)
Parking Spaces3
MLS ®NumberX12444218
Community NameWest Centertown
Data SourceTRREB
Listing byTRINITYSTONE REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Finished

Main Floor

Foyer

1.74 x 3.38

Living

4.3 x 3.63

Br

3.59 x 3.66

Br

4.18 x 2.6


Features

Lot size: 2,328 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 2

Total parking spaces 3


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
9 days on market
history photo preview41
Listing by trreb®

Market Data - West Centertown

Geo Zone Map ThumbnailWest Centertown

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

22 days

Compared to

2024

40 days

2023

26 days

2022

48 days

New Listings

Past 30 days

9 listings

Compared to

2024

6 listings

2023

3 listings

2022

3 listings

Units sold

Past 30 days

4 units

Compared to

2024

2 units

2023

3 units

2022

4 units

Median Sold Price

Past 30 days

$637,500

Compared to

2024

$683,750

2023

$661,000

2022

$697,500


Population and Demographics

Overview

Total population 11252
Average household income $134,175

Age (%)

0 to 19
14%
20 to 34
33%
35 to 49
21%
50 to 64
17%
65 and plus
15%

Household composition (%)

Single person
50%
Single family
41%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
72%
French
10%
English and French
3%
Yue (Cantonese)
3%
Mandarin
2%
Vietnamese
2%
Spanish
2%
Arabic
2%
Italian
2%
Others
0%

House tenancy (%)

Renters
67%
Owners
33%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget