228 King Street W,Prescott, ON K0E 1T0
Prescott, ON K0E 1T0
Description
An exceptional mixed-use investment in the heart of downtown Prescott! Ideally positioned on King Street in the RiverWalk District, this impeccably maintained property combines prime commercial exposure, quality residential income and future potential. With continued investment, new development and growing business activity, Prescott is becoming an increasingly attractive community for investors. The building features a street-level commercial space currently leased to a retail hunting store, with soaring ceilings, beautiful exposed brick and two half bathrooms. Three additional residential units are occupied by quiet, reliable tenants. Extensively upgraded over the past decade, improvements include most kitchens, bathrooms and windows, modern plumbing and light fixtures, quartz counters, quality appliances, glass shower enclosures, vanities, toilets and professional painting. Spray-foamed basement areas are clean and dry. Additional features include a furnace, security camera system, monitored thermostats and coin laundry. The rear apartment offers exceptionally high ceilings and its own laundry. A rooftop solar system helps keep hydro costs to approximately $150/month for the entire building. A MAJOR advantage is PARKING: 4 on-site spaces provide parking for every unit-an incredibly rare and valuable feature for downtown Prescott. There may also be potential to add a wood-frame third storey with 2 additional residential units and possible St. Lawrence River views, subject to approvals. Prescott's Downtown/RiverWalk Community Improvement Plan may also provide qualifying redevelopment projects with financial incentives. A turnkey mixed-use asset offering income today and exciting potential for tomorrow.
Details
| MLS # | X13685832 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 11 |
| Listing Provided By | RE/MAX DELTA REALTY TEAM | X13685832 502800 |
Features
| SQ Feet | 3,200 |
|---|---|
| Acreage | 0.07 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
Taxes
| Tax Annual Amount | 7003.99 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Leeds and Grenville |
| City | Prescott |
| Postal Code | K0E 1T0 |
| Area | 808 Prescott |
| Listing VS Median (in K0E 1T0) | |
Price: $799,900 low | high Med: $799,900 sqft: 3,200 low | high Med: 3,200 $ / sqft: $250 low | high Med: $250 On site: 11 low | high Med: 11 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Leeds and Grenville |
| City | Prescott |
| Postal Code | K0E 1T0 |
| Area | 808 Prescott |
| Listing VS Median (in K0E 1T0) | |
Price: $799,900 low | high Med: $799,900 sqft: 3,200 low | high Med: 3,200 $ / sqft: $250 low | high Med: $250 On site: 11 low | high Med: 11 | |
