$1,050,000 Sale

Listed 68 days ago

235 JAMES STREET W

MLS® x13639696 Multi Family

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Beds · 0

Baths · 0.0

Parking · 5

Sqft · 11220

Est. mortgage

$3,983/mo

Key Facts

Key facts for 235 JAMES STREET W

Property Type

Apartment

Parking

Garage: No, 5 parking

MLS #

X13639696

Size

11220 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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. Generatin...g $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:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

11220 sqft

Heating Source

Natural gas

Heating Type

Hot water radiator heat, Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

11220 sqft

Heating Source

Natural gas

Heating Type

Hot water radiator heat, Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

Bldg=82.5 x 136 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Acreage

Bldg=82.5 x 136 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Building Description

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Water Supply

Municipal water

Community

Prescott

Area Code

Prescott

Community

Prescott

Area Code

Prescott

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Yanick Dagenais

Email: [email protected] Cell: 613-617-3834