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    For Sale - 112 King Street, Prescott, Ontario

    Est payment $12,005/mo
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    Time on Jump  139 day

    AI Summary *

    • Turnkey investment with fully leased commercial space and 10 apartments.
    • Located in Prescott's RiverWalk District, steps from the St. Lawrence River.
    • Stylish one-bedroom apartments with modern finishes and rustic charm.
    • Recent upgrades for better efficiency, including new mechanicals and plumbing.
    • High visibility on a busy main street with ample parking available.




    Visit the realtor website for further information about this listing. Turnkey fully-leased multi-use investment - boutique commercial + 10apartments. An exceptional income-producing property in prescott'sdesirable riverwalk district-steps to the st. Lawrence river. Twobuildings (112 & 124 king) are sold together, offering a turnkey blendof commercial and residential revenue. 118 king street was allocatedby the town for the residential units. The main commercial space-hometo glitz, a popular destination offering individual boutique services-spans approx. 1,185 sq. Ft. And features seven private treatment rooms,leased monthly to established service providers including spa, massage,cosmetic and specialty wellness offerings. The space provides a sharedwaiting room, powder room, and laundry. Commercial tenants are fullyleased and to be assumed by the new owner. Above and behind thecommercial storefront are 10 stylish one-bedroom apts, each renovatedto combine modern finishes with rustic charm. Units showcase exposedbrick, hardwood floors, open layouts, and updated marble-tiledbathrooms. All apartments include a fridge, stove, and offer strongall-inclusive rents ranging from $1,375-$1,800/mth. Fully leased andwell-maintained, they deliver stable, long-term revenue. The propertyunderwent significant upgrades from 2021-23, including new mechanicals,5 gas furnaces, 5 central air units, 2 gas hot water tanks, upgradedplumbing/electrical (800 amp service), and triple-pane windows. Features include 9 paved tenant parking spaces, separate residentialand commercial entrances, balconies on upper levels, coin-operatedlaundry, alarm system, and excellent visibility on a high-traffic mainstreet. A rare opportunity to acquire a fully leased, updated asset ina prime downtown location-an ideal portfolio addition offering strongcash flow, modern infrastructure, and the coveted charm of prescott'shistoric waterfront community. Contact the listing salesperson foradditional details.
    Listing IDX12543532
    Address112 King Street
    CityPrescott, Ontario
    Price$2,500,000
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Major Highway, Recreation/Community CentreBasement 1Heating / Cooling Gas Forced Air OpenSewer Sanitary+Storm

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    Listing Agency:  PG DIRECT REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    112 King Street
    Prescott , Ontario
    $2,500,000
    Get more info