For Sale: 235 James Street W, Prescott, ON - REW
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$1,100,000
0 bd • ba • 11220 sf • Multifamily
235 James Street W
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$1,100,000
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235 James Street WPrescott, ON, K0E 1T0

  • 0 Bed
  • Bath
  • 11220 Sqft
  • Multifamily

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. (id:63626)
Listed by: Edmundo Roa, Salesperson, EXP REALTY OF CANADA INC.

Home facts and features

Price details
List Price
$1,100,000
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Gross Taxes for 2025
$3,984
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
5
Property Type
Multifamily
Depth
136 feet
Frontage
82.6 feet
Heating Type
Hot water radiator heat, Forced air, Natural gas
Cooling
Fully air conditioned
Appliances
Dishwasher, Dryer, Washer
Agent details
Primary Agent
Edmundo Roa
Primary Broker
EXP REALTY OF CANADA INC.
Listing details
Days on REW
1 Day
MLS® Number
X13639696
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

South Grenville School
  • Public
  • 7 - 12
Wellington Elementary Public School
  • Public
  • JK - 6
St. Mark Catholic School
  • Catholic
  • JK - 8
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      Edmundo Roa
      Phone:
      (613) 864-5515
      Office:
      866-530-7737
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