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 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. Flexible closing. (id:4069)
Address
189 PRESTON STREET
List Price
$849,900
Property Type
Single Family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Ottawa
Bedrooms
4
Bathrooms
2
Lot Size
22.62 FT Sq. Ft.
MLS® Number
X11893184
Listing Brokerage
TRINITYSTONE REALTY INC.
Basement Area
Full (Finished)
Postal Code
K1R7P8
Zoning
TM[78] H(15)
Features
Lane
