This retail property in Prescott is for sale offering roughly 3,200 sq ft of space. It has been on the market 78 days, fresher than the Prescott average of 83 days.
An exceptional mixed-use investment in the heart of downtown Prescott! Ideally positioned on King Street in the RiverWalk District, this impeccably maintained property combines prime commercial exposure, quality residential income and future potential. With continued investment, new development and growing business activity, Prescott is becoming an increasingly attractive community for investors. The building features a street-level commercial space currently leased to a retail hunting store, with soaring ceilings, beautiful exposed brick and two half bathrooms. Three additional residential units are occupied by quiet, reliable tenants. Extensively upgraded over the past decade, improvements include most kitchens, bathrooms and windows, modern plumbing and light fixtures, quartz counters, quality appliances, glass shower enclosures, vanities, toilets and professional painting. Spray-foamed basement areas are clean and dry. Additional features include a furnace, security camera system, monitored thermostats and coin laundry. The rear apartment offers exceptionally high ceilings and its own laundry. A rooftop solar system helps keep hydro costs to approximately $150/month for the entire building. A MAJOR advantage is PARKING: 4 on-site spaces provide parking for every unit-an incredibly rare and valuable feature for downtown Prescott. There may also be potential to add a wood-frame third storey with 2 additional residential units and possible St. Lawrence River views, subject to approvals. Prescott's Downtown/RiverWalk Community Improvement Plan may also provide qualifying redevelopment projects with financial incentives. A turnkey mixed-use asset offering income today and exciting potential for tomorrow. (id:66096)
Property Details
MLS®
X13685832
Property Type
Retail
Zoning
C1
Parking
4
Interior Size
3,200 ft²
Frontage
21 ft
Building Area
3,200 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$7,003.99/yr
Listed
78 days ago
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
78d
Prescott listings, avg age
83d
Price / ft²
$250
List price
$800K
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 $799,900, about 9.6× the local median household income of $83,000.
Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 88% 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)
$799,900· $250/ft²
For sale
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