For Sale

189 Preston Street, West Centre Town, Ontario K1R 7P8

$789,999

189 Preston Street, West Centre Town, Ontario K1R 7P8 is For Sale and has a listing price of 789,999. The property is located in the West Centre Town . It's been on the website for 62 Days.

  • Duplex
    Property Type
  • 4
    Bedrooms
  • 2
    Bathrooms
  • MLS ID: X12444218
  • Office Name TRINITYSTONE REALTY INC.
Property 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
  • Bedrooms: 4
  • MLS ID: X12444218
  • Bathrooms: 2
  • Price: $789,999
  • Lot Depth: 102.95
  • Transaction Types: For Sale
  • Ref ID: X12444218
  • Year Built: N/A
  • Approx Sqft: 1500-2000
  • Dir / Cross St: Preston street and Laurel St E
  • Status: Active
  • Tax Year: 2024
  • Property Type: Duplex
  • Property Type: All Houses
  • Property Sub Category: Duplex
Price History
List Date MLS ID List Price Status End Date Closed Price
10/03/2025 X12444218 $789,999 For Sale - -
03/19/2025 X12030263 $849,900 Cancelled 10/03/2025 -
12/15/2024 X11893184 $849,900 Expired -
09/13/2024 X9519023 $849,900 Expired -
06/10/2024 X9450224 $880,000 Expired -
04/17/2024 X9431019 $929,000 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
West Centre Town
  • $806,973 Average List Price
    based on 1 year
  • 53 New Listings
    based on 30 days
  • 45 Median Days on Market
    based on 1 year
  • List vs. Selling Price 78.58 % Up
  • Sold (12mo) 107
  • Rented (12mo) 82

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -
Walkscore
Property Type Distribution
  • All Houses
    34.94%
  • Commercial
    13.87%
  • Condo
    51.19%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style 2-storey
  • Washroom Type1: 1
  • Garage Type Detached
  • Parking Spaces: 2
  • Exterior Brick, Brick Front
  • Kitchen 2
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 2: 1
  • Taxes: $4,235
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBA
  • Listing Entry Date: 03/10/2025 20:18:10
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