235 James ST W, Prescott, ON K0E 1T0
235 James ST W, Prescott, ON K0E 1T0
235 James ST W, Prescott, ON K0E 1T0
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$1,100,000
Est. payment /mo
11,220 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 11,220 sqft

Price per Sqft $98

Subdivision 808 - Prescott

MLS Listing ID X13639696

Annual Tax Amount $3,984

Tax Year 2025

Property Sub-Type Investment

Property Description

Turnkey legal 5-unit apartment building offering strong cash flow and extensive redevelopment in the heart of Prescott. Originally a duplex, this property has been comprehensively transformed into a modern income-producing asset while preserving its attractive brick exterior and character. Generating $93,300 in gross annual income with an approximate NOI of $78,820, the building offers an excellent unit mix of one 3-bedroom suite, two 2-bedroom suites (including an accessible unit), and two 1-bedroom suites, one of which is rented as an affordable unit. Extensive capital improvements include all new kitchens, bathrooms, flooring, lighting, interior doors, plumbing, electrical, nearly all new windows, repointed brick, new decks, upgraded insulation, modern mechanical systems, quality finishes throughout, and a durable standing seam metal roof. The building features an efficient utility structure with all tenants paying their own hydro and water. Two suites have their own dedicated heating systems and pay their own heat, while three suites are heated by an efficient central gas-fired hot water boiler. The accessible and affordable units may be of interest to purchasers exploring CMHC financing programs, subject to lender and CMHC eligibility requirements. Conveniently located within walking distance to downtown Prescott, the St. Lawrence River, shopping, restaurants, schools, and just minutes from Highway 401, this is an exceptional opportunity to acquire a true turnkey multi-family investment with significant capital improvements already completed.

Location

Province ON

County Leeds And Grenville

Area Leeds And Grenville

Zoning R2

Interior

Cooling Yes

Inclusions 5 Fridges, 5 Stoves, 5 Dishwashers, 2 Stack-able Washer/Dryers, 1 Washer, 1 Dryer, 6 HWT's, 1 On Demand HWT, 1 Electric Furnace, 1 Gas Furnace

Exterior

Parking Features Outside/Surface

Utilities Available Yes

Building

Lot Description Building

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Lited by EXP REALTY
Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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235 James ST W

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