232-228 King Street W, Prescott, ON K0E 1T0
Prescott, ON K0E 1T0
About this property
An exceptional opportunity to acquire TWO adjoining mixed-use buildings in the heart of downtown Prescott! Ideally positioned on King Street in the RiverWalk District, 228 & 232 King St W combine strong commercial exposure, 6 residential units, exceptional parking and future development potential. With continued investment, new development and growing business activity, Prescott is an increasingly attractive community for investors. The properties feature a large street-level commercial space currently leased to a retail hunting store, with soaring ceilings, beautiful exposed brick and 2 half bathrooms. In addition are 6 residential units occupied by quiet, reliable tenants. Both buildings have been extensively upgraded over the past decade, including most kitchens, bathrooms and windows, modern plumbing and light fixtures, quartz counters, quality appliances, glass shower enclosures, vanities, toilets and professional painting. Additional features include furnaces, security cameras, monitored thermostats, coin laundry and clean, dry basements with spray-foamed areas. Rooftop solar helps keep hydro costs to approximately $300/month for BOTH buildings-an outstanding operating advantage. One of the biggest differentiators is PARKING: an incredible 9 on-site spaces, exceptionally rare for downtown Prescott and a major advantage for both residential and commercial tenants. There may also be potential to add wood-frame third-storey residential units with possible St. Lawrence River views, subject to approvals. Prescott's Downtown/RiverWalk Community Improvement Plan may also provide financial incentives for qualifying redevelopment projects. A turnkey multi-building investment offering established income, quality improvements and compelling long-term potential.
Property facts & features
- Property type
- Store W Apt/Office
- MLS® number
- X13685828
- Source status
- Price Change
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 6400
- Neighbourhood
- Not provided
- Postal code
- K0E 1T0
- Garage
- None
- Lot depth (source units)
- 136
- Annual property tax
- 13061.63
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
Price Change · $1,600,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Prescott →Listing brokerage: RE/MAX DELTA REALTY TEAM. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13685828. Information deemed reliable but not guaranteed.