Salehian.com 647-325-5000

232-228 King Street W

808 - Prescott, Prescott, K0E 1T0

$1,600,000

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Listed 63 days ago · MLS® X13685828

About this home

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.

Details

Type
Store W Apt/Office
Lot
20.9 × 136 ft
Garage
None
Property tax
$13,062 (2025)
Neighbourhood
808 - Prescott
Municipality
Prescott

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
6,400 Square Feet

More

Possession
Flexible
Cross street
King St W & Centre St

Listed by RE/MAX DELTA REALTY TEAM.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.