254 Preston Street
West Centre Town, ON
- 3,000 sqft
- Commercial Retail
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.
Listing Details
- Listed
- August 18, 2026
Price History
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Property
- Lot Size
- 53.48 x 199.75 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Preston St & Gladstone Ave
- Zoning
- MS1[78] H(19.5) - Mainstreet Zone 1
- Parcel Number
- 041070042
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Rental Term
- 36-60 months
Community
Postal area K1R
- Population
- 20,343
- Private dwellings
- 12,836
- Median age
- 36
- Average household size
- 1.7
- Median household income
- $74,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Listed by
SHAKER REALTY LTD.
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