151 Park Street East, Prescott, ON K0E 1T0

INVESTMENT OPPORTUNITY

Downtown Prescott Stone Triplex

Fully rented with annual net of about 26,000(current income minus last 12 months costs). Two units gutted and rebuilt in 2019/2020 including new appliances(4 in each unit). Roof replaced as needed(75% ) in 2020.  Separate insulated double garage with electricity, could be rented for additional income.  This is an appreciating turnkey investment with 6% cash flow in a prosperous town where there is almost no rental units available at this time

3D tours of the two occupied units

3D Tour – 151-A https://tours.andrewkizell.com/1628834

3D Tour – 151-Bhttps://tours.andrewkizell.com/1628814

The current rents are
151(A )-1-bed – 925.00 plus hydro and 1 parking spot, water and sewer included.
151(B )- 1 bed – 875.00 plus hydro, 1 parking spot, sewer and water included.
151 – 2 bed – 2 bedroom plus heat and hydro with garage access, 1 parking spot in front of garage back patio- this will rent for 1325.00 – Lease till October 2021

  • Gas is provided to heat 151(2 Bed) 151B upper unit and also provided hot water to all three units
  • All Three units pay their own Hydro

Expenses Taxes -3655.00, Insurance -1515.00, Heat -1565.00, Hydro/Water/Sewer-3785.00, Snow-approx 1000.00-total of 11,520.00

Directions – Come off 401 taking the Prescott exit, turn South onto Edward Street, go over train overpass and at second street on left at the light you will turn East and property is the first on the right #151

Inclusions – 3 Stoves, 3 Fridges, 3 Microwaves, 3 Washers and 3 Dryers..

Exclusions – Tenants Belongings

UPDATES

151 – A

151 – B

151 includes flooring. paint