224 Preston Street, West Centre Town, ON K1R 7R2
4205 - West Centre Town, West Centre Town · Near Larch & Preston · View map
About this home
New construction at 224 Preston Street in the heart of Little Italy. Two ground-floor commercial units at the base of a new mixed-use building. Unit 1 is 1,115 sf with frontage on Preston Street. Unit 2 is 561 sf on the Larch Street side, a rare small unit in the core. Mainstreet (MS1) zoning permits a wide range of uses including retail, medical, office, personal service, instructional and fitness. No parking is required for any use under the site-specific zoning. Corso Italia O-Train station is about 200 metres away. Units available individually. Additional rent does not include utilities, which are separate.
The home
- Type
- Commercial retail
- Square footage
- 1676 sq ft
- Lot size
- 50 x 100 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $15/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- TBD
- Cross street
- Larch & Preston
- Neighbourhood
- 4205 - West Centre Town
More
- MLS® number
- X13875588
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
224 Preston Street, West Centre Town, ON K1R 7R2
4205 - West Centre Town, West Centre Town · Near Larch & Preston
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Listing history for 224 Preston Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 224 Preston Street
Answers come straight from this home’s MLS® listing.
How much is 224 Preston Street listed for, and what would it cost each month?
224 Preston Street is listed for $1. With 20% down ($0), the mortgage payment would be roughly $0 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1 a month, all in. That figure is an illustration, not a quote.
Is 224 Preston Street freehold or a condo, and is there a monthly fee?
224 Preston Street is a commercial retail in 4205 - West Centre Town, West Centre Town. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 224 Preston Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 224 Preston Street?
224 Preston Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 224 Preston Street, and what is the lot size?
The lot is listed as 50 x 100 ft.
How is 224 Preston Street heated and cooled?
Cooling is yes.
What are the property taxes for 224 Preston Street?
Property taxes are $15 a year (2026), or about $1 a month.
Where is 224 Preston Street?
224 Preston Street is in the 4205 - West Centre Town community of West Centre Town. The nearest main intersection is Larch & Preston. The postal code is K1R 7R2.
Is 224 Preston Street still for sale?
Yes. It is an active listing (MLS® X13875588). Listings here update from the board through the day and come down once a home sells.
What have homes at 224 Preston Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 224 Preston Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.