235 James Street W
808 - Prescott, Prescott, K0E 1T0
$1,050,000
Reduced $50,000 from $1,100,000
Listed 76 days ago · MLS® X13639696
About this home
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.
Details
- Type
- Investment
- Lot
- 82.5 × 136 ft
- Garage
- Outside/Surface
- Property tax
- $3,984 (2025)
- Neighbourhood
- 808 - Prescott
- Municipality
- Prescott
Heating, cooling and services
- Heating
- Gas Hot Water
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Building area
- 11,220 Square Feet
More
- Possession
- TBD
- Cross street
- James St W and Edward St
- Business type
- Apts - 2 To 5 Units
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Somewhat walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 8 cafés and restaurants, 5 parks, 2 pharmacies. Nearest park: Riverwalk park (450 m).
Schools nearby
Elementary
- St. Mark Catholic School Catholic
EQAO: Gr 6 reading 87%, math 40%1.4 km - Wellington Elementary Public School
EQAO: Gr 6 reading 89%, math 54%1.4 km
Secondary
- TR Leger School - Prescott5 min walk
- South Grenville District High School
EQAO: Gr 9 math 35%, literacy test 81%17 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K0E
- Owners / renters
- 84% / 16%
- Median household income
- $83,000
- Average age
- 46
- Children under 15
- 15%
- Homes
- 88% detached, 0% high-rise
- Commute by transit
- 0%
- Population
- 39,649
Languages spoken most at home besides English: German 0.1%, Spanish 0.1%, Dutch, Punjabi (Panjabi).
Safety
Crime Severity Index for Grenville County (Prescott) (OPP): 120 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by EXP REALTY.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.