642 West Street Prescott, Ontario K0E 1X0
$1,149,900
Attention Investors! Brand-New 2024-Built 4-Plex in Prime Prescott Location. Discover a rare opportunity to own a brand-new, purpose-built 4-plex in the heart of Prescott! Completed in 2024, this low-maintenance investment property is fully tenanted with leases that began in 2024, ensuring immediate rental income and future growth. Ideally located downtown, 642 West St. offers unparalleled convenience just minutes from schools, shopping, restaurants, Hwy 401, and the scenic St. Lawrence River. Prescott is a growing community with expanding job opportunities, making it an attractive rental market. Each of the four modern 2-bedroom, 1-bath units features an open-concept layout, durable vinyl flooring, stylish kitchens with stainless steel appliances (including dishwashers), and in-unit stackable washers & dryers. Recessed pot lights add a contemporary touch, while an efficient hot water boiler system provides comfortable heating. Current Rent Roll (All Tenants Pay Hydro, Water & Sewer, Heat Included): Upper Units: $2,000/month each (Increasing to $2,050/month in May & July 2025). Lower Units: $1,800/month each (Increasing to $1,845/month in June & July 2025). Total Current Annual Rental Income: $91,200. Total Annual Rental Income After Rent Increases (2025): $93,780. Estimated Annual Expenses (Property is yet to be assessed and has not been operated for a full year): Property Taxes: $4,000 (Estimated). Insurance: $2,638 (Actual). Heating: $2,000 (Estimated Gas Hot Water Boiler System). Lawn Care & Snow Removal: $1,300 (Actual). Current Net Operating Income (NOI): $81,262. Projected NOI After Rent Increases (2025): $83,842. With parking for 8 vehicles and a location in a steadily growing rental market, this turnkey investment is the perfect addition to your portfolio. Interior pictures are prior to occupancy. Don't miss out, contact us today for more details! (id:44758)
房源概要
| MLS® Number | X11947473 |
| 房源类型 | 民宅 |
| 社区名字 | 808 - Prescott |
| 总车位 | 8 |
详 情
| 浴室 | 4 |
| 地上卧房 | 8 |
| 总卧房 | 8 |
| 公寓设施 | Separate 电ity Meters |
| 赠送家电包括 | Water Heater, 洗碗机, 烘干机, Hood 电扇, 微波炉, 冰箱, 炉子, 洗衣机 |
| 建筑风格 | Raised Bungalow |
| 空调 | Wall Unit |
| 外墙 | 铝壁板, 乙烯基壁板 |
| 地基类型 | 混凝土浇筑 |
| 供暖方式 | 天然气 |
| 供暖类型 | Hot Water Radiator Heat |
| 储存空间 | 1 |
| 类型 | Fourplex |
| 设备间 | 市政供水 |
土地
| 英亩数 | 无 |
| 污水道 | Sanitary Sewer |
| 土地深度 | 118 Ft |
| 土地宽度 | 50 Ft |
| 不规则大小 | 50 X 118 Ft |
| 规划描述 | 住宅 - R3 |
https://www.realtor.ca/real-estate/27858672/642-west-street-prescott-808-prescott
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Ottawa Real Estate Board
Exp Realty
January 30 2025 06:24:15
