For Sale Multi-Family

232 Park Street W

$699,000 Est. $3,095/mo ↓

Prescott, Ontario K0E 1T0

10 Bedrooms
7 Bathrooms
5,000 - 100,000 sqft Interior
8 Parking spaces
83 X 193 Ft Lot size
2 days ago Listed
Virtual tour Central Air Conditioning, Window Air Conditioner Baseboard Heaters, Forced Air Landscaped

About this home

ATTENTION INVESTORS & OWNER-OCCUPIERS! Here is an opportunity to have your investment work for you! Live in one unit while the income from the remaining five helps offset your mortgage, OR add this well-maintained 6-unit property to your rental portfolio. Units 1 & 2 are located in the original portion of the property, dating to approximately 1880 (MPAC), while the attached 4-unit addition was constructed in 1990. The result is a unique blend of character, functionality and income potential. Unit 1 is a charming one-bedroom unit featuring a welcoming front porch and access to a shared rear deck with Unit 2. Unit 2 offers an impressive two-storey layout with three bedrooms, convenient upstairs laundry and a spacious primary bedroom complete with its own ensuite. The main floor features an open-concept kitchen and dining area flowing into a comfortable living room with beautiful hardwood flooring. Units 1 & 2 are heated by natural gas and feature central air. Live in Unit 2 and let the other units help pay the mortgage OR restore Units 1 & 2 to one large home. The 1990 addition provides four additional units: Unit 3 - 1 bedroom; Unit 4 - 2 bedrooms; Unit 5 - 1 bedroom; and Unit 6 - 2 bedrooms. Units 3-6 are heated with electric baseboard heating. All units are in very good condition, with excellent tenants.The property also offers shared laundry facilities and stair lift for accessibility, adding valuable convenience for tenants. Outside, you'll find a double-car garage, paved driveway and ample parking for residents.Whether you're an experienced investor looking to expand your portfolio or an owner-occupier looking for a way to offset your housing costs, this 6-plex offers versatility and income-producing potential in one package.Six units. Multiple configurations. Different heating options. And the opportunity to live in one while the others contribute to your bottom line.See REALTOR remarks for additional information and current rental details. (id:28469)

Facts & features

Property

MLS® Number
X13831418
Property Type
Multi-family
Community Name
808 - Prescott
Amenities Near By
Beach, Golf Nearby, Marina, Park
Community Features
Community Centre
Equipment Type
None
Features
Level
Parking Space Total
8
Rental Equipment Type
None
Structure
Deck, Porch
View Type
City View
Water Front Name
St. Lawrence River

Building

Bathroom Total
7
Bedrooms Above Ground
10
Bedrooms Total
10
Age
100+ Years
Appliances
Water Heater, Water Meter, Dishwasher, Dryer, Oven, Range, Stove, Washer, Refrigerator
Basement Development
Unfinished
Basement Features
Walk-up
Basement Type
N/a (unfinished), N/a
Cooling Type
Central Air Conditioning, Window Air Conditioner
Exterior Finish
Brick
Fire Protection
Controlled Entry, Smoke Detectors
Foundation Type
Stone, Concrete, Slab
Half Bath Total
1
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters, Forced Air
Stories Total
2
Size Interior
5,000 - 100,000 Sqft
Type
Other
Utility Water
Municipal Water

Parking

Detached Garage
—
Garage
—

Land

Acreage
No
Land Amenities
Beach, Golf Nearby, Marina, Park
Landscape Features
Landscaped
Sewer
Sanitary Sewer
Size Depth
193 Ft
Size Frontage
83 Ft
Size Irregular
83 X 193 Ft
Size Total Text
83 X 193 Ft
Zoning Description
Residential Property With 6 Self Contained Units

Utilities

Cable
Available
Electricity
Installed
Sewer
Installed

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$3,095/mo
Ontario land transfer tax
$10,455 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Prescott market

40 Active listings
$470,000 Median asking price
49% above median This home
33 days Avg. time on market
Browse all Prescott listings →

Location

232 Park Street W, Prescott, Ontario K0E 1T0  ·  Get directions

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