This retail property in Prescott is for sale offering roughly 5,562 sq ft of space. It has been on the market 78 days, fresher than the Prescott average of 83 days.
A remarkable fully leased mixed-use investment in the heart of Prescott's RiverWalk District, steps from the St. Lawrence River. 112 & 124 King St W, with 118 King allocated to the residential units, combine a unique commercial concept with 10 beautifully renovated apartments, extensive upgrades and deeded access to 9 parking spaces. The front main level is a street-level wellness and personal-care commercial hub anchored by GLITZ, featuring 7 private treatment rooms leased to established spa, massage, cosmetic and wellness professionals. Approx. 1,185 sq ft, the space includes a shared waiting area, powder room and laundry, with a handicap-accessible breezeway providing convenient access. Above and behind the commercial space are 10 stylish one-bedroom apartments extensively renovated in 2022. The same high-quality finishes found throughout this portfolio continue here, with quartz counters, quality cabinetry and appliances, modern plumbing and lighting fixtures, upgraded bathrooms with glass shower enclosures, contemporary vanities and toilets, hardwood flooring and professionally finished interiors. High ceilings and exposed brick add character, while second-floor apartments feature large private rear decks. The rear exterior is finished in durable, high-end masonry stucco. Major 2021-2023 improvements include 5 gas furnaces, 5 central A/C units, 2 gas hot water tanks, upgraded plumbing and electrical with 800 AMP service, and triple-pane windows. Additional features include coin laundry, an alarm system, separate commercial and residential entrances and excellent King Street visibility. Fully leased with established tenants, modern infrastructure and 9 deeded parking spaces, this is a rare opportunity to acquire a substantial turnkey asset combining immediate cash flow with the character and long-term potential of Prescott's historic waterfront downtown. (id:66096)
Property Details
MLS®
X13685826
Property Type
Retail
Business Type
Personal Services
Zoning
Commercial (CTN) and Res (RTP)
Parking
9
Interior Size
5,562 ft²
Frontage
41 ft
Building Area
5,562 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$14,172.7/yr
Listed
78 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
78d
Prescott listings, avg age
83d
Price / ft²
$414
List price
$2.30M
Long Listed: 78 days on market, against an average age of 83 days across the listings currently for sale in this city
Market timing · days on market0 → 83d avg age of current listings
Long Listed · day 78
Haho
This retail in Prescott has been listed for 78 days, which is 5 days fresher than the city average of 83. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K0E)
This home lists at $2,300,000, about 27.7× the local median household income of $83,000.
Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 441% above the area median.
Median household income
$83,000
Population
39,649
Median age
49.6
Owner / renter
84% / 16%
Avg. household size
2.4
Source: Statistics Canada, 2021 Census (FSA K0E)
$2,300,000· $414/ft²
For sale
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