LOADING

171 King Street W Prescott, Ontario K0E 1T0

Hot Water Radiator Heat

$4,799,900

Attention Investors! 3-storey, 16 unit building being built by a QUALITY BUILDER with a successful portfolio. Immediate cash flow. Conveniently located in the growing town of Prescott just 45minutes south of Ottawa. Efficient hot water boiler system. ERV's (energy recovery) in each unit, 17 hydro meters (tenants pay in-unit hydro costs), ELEVATOR, 18 parking spots incl disabled, 40-year fiberglass shingles. 4 x 3 bedrooms, 10 x 2 bedrooms 2 x 1 bedrooms. Indoor parking. Great management team in place. Income generating Laundry facilities with coinamatic card operated machines. Located a short distance to schools, grocery stores, shopping, golf, the marina on the St. Lawrence River & medical offices. Great community for retirees with a slower pace to life! Would even be great as an owner occupied rental property! Expenses and income are estimated based on similar completed buildings. To be built, currently under construction, will be 100% tenanted on closing! CIP program eligible. (id:42429)

Property Details

MLS® Number 1225653
Property Type Multi-family
Neigbourhood Prescott
Parking Space Total 18

Building

Constructed Date 2021
Exterior Finish Stone, Brick, Siding
Fire Protection Security
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 103 Ft
Size Irregular 102.99 Ft X 132 Ft
Size Total Text 102.99 Ft X 132 Ft
Zoning Description Cs

https://www.realtor.ca/real-estate/22869168/171-king-street-w-prescott-prescott

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