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    For Sale - 235 James Street, Prescott, Ontario

    Est payment $5,042/mo
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    Views   4
    Time on Jump  76 day

    AI Summary *

    • Turnkey 5-unit apartment building generating strong cash flow in Prescott.
    • Completely renovated with modern kitchens, bathrooms, and quality finishes.
    • Diverse unit mix includes 3-bedroom, 2-bedroom, and 1-bedroom suites.
    • All units pay their own utilities, enhancing investment efficiency.
    • Walking distance to downtown Prescott, parks, shopping, and schools.




    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.
    Listing IDX13639696
    Address235 James Street
    CityPrescott, Ontario
    Price$1,050,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Hot Water

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    Listing Brokerage: EXP REALTY

    * 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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    235 James Street
    Prescott , Ontario
    $1,050,000
    Get more info