254 Preston Street, West Centre Town, ON K1R 7R4
4205 - West Centre Town, West Centre Town · Near Preston St & Gladstone Ave · View map
About this home
Prime Second Floor Little Italy location at the corner of Preston Street and Gladstone Avenue. The space features 3,000 square feet of open concept space, many windows facing east and south bringing lots of natural light, two washrooms, and a bar area. High visibility location benefits from a large volume of pedestrian and vehicular traffic, steps away from Corso Italia LRT station and is surrounded by many well known restaurants, cafes, shops. Can be used for a variety of uses not limited to office space, lounge space, event space, cooking school, professional service uses. Monthly Rent $5,500 per month plus HST. Tenant pays proportionate share of Property taxes ($3/sq ft), garbage, snow plus Heat & Hydro. Option 2: full floor of 5,000 square feet also available which can be used as a restaurant and includes fully equipped kitchen, storage, office and back patio at $10,000 per month plus HST and proportionate share of Property taxes ($3/sq ft), garbage, snow, and all Utilities. Only the full floor of 5,000 sq ft can be used as a restaurant.
The home
- Type
- Commercial retail
- Square footage
- 3000 sq ft
- Lot size
- 53.5 x 199.8 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Preston St & Gladstone Ave
- Neighbourhood
- 4205 - West Centre Town
More
- MLS® number
- X13687308
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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.
254 Preston Street, West Centre Town, ON K1R 7R4
4205 - West Centre Town, West Centre Town · Near Preston St & Gladstone Ave
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Listing history for 254 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 254 Preston Street
Answers come straight from this home’s MLS® listing.
How much is 254 Preston Street listed for, and what would it cost each month?
254 Preston Street is listed for $5,500. With 20% down ($1,100), the mortgage payment would be roughly $22 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $26 a month, all in. That figure is an illustration, not a quote.
Is 254 Preston Street freehold or a condo, and is there a monthly fee?
254 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 254 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 254 Preston Street?
254 Preston Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 254 Preston Street, and what is the lot size?
The lot is listed as 53.5 x 199.8 ft.
How is 254 Preston Street heated and cooled?
Heating is gas forced air closed. Cooling is yes.
Where is 254 Preston Street?
254 Preston Street is in the 4205 - West Centre Town community of West Centre Town. The nearest main intersection is Preston St & Gladstone Ave. The postal code is K1R 7R4.
Is 254 Preston Street still for sale?
Yes. It is an active listing (MLS® X13687308). Listings here update from the board through the day and come down once a home sells.
What have homes at 254 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 254 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: SHAKER REALTY LTD.
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.