115 days on Market

189 PRESTON St, Ottawa, Ontario K1R 7P8

Detached
4
2
- sqft
$849,900
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Detached
4
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,650/mo

Tax Amount (2023)$4,235/yr

Days On Market115 days


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.


Property Details

Style2 Storey
View-
Age of property1930
SqFt-
Lot Size-
Parking Spaces3
MLS ®Number1410928
Community NameWest Centertown
Data SourceOREB
Listing byTRINITYSTONE REALTY INC.

Features

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

2nd Floor

Bath 4-Piece

7'2" x 4'11"

Kitchen

10'4" x 7'1"

Living Rm

11'10" x 11'4"

Bedroom

9'10" x 9'7"


Parking

Garage spaces 1

Garage type -

Other parking spaces 2

Total parking spaces 3


Property listed by TRINITYSTONE REALTY INC., Brokerage

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Population and Demographics

Overview

Total population 11252
Average household income $134,175

Age (%)

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

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%

Schools and amenities

Estimated Budget