178 King Street E, Prescott, Ontario K0E 1T0 (21855683)


178 King Street E Prescott, Ontario K0E 1T0


Investment property with resturant at the bottom, can be available for the new owner. Downtown Prescott Ontario, with the St Lawrence River across the road... this is a TURNKEY property. There are three apartments (two-1bedrms, one-2bedrm) and a Commercial space with a ESTABLISHED restaurant in business for 40yrs who was VOTED the BEST PIZZA in the township. The owner is ready to retire and may be available to assist in the transition. UPSIDE TO MORE INCOME: Business may be increased by opening in more hours and more options on the menu, Residential apartments are $300-500 market value per unit. Gross income for the apartments is potentially $21600/yr with lots of upside - tenants pay heat and hydro. Commercial space can rent for $1500 + utilities. Prop tax is $3442/2019. Insurance and water is approx $2500 each ($5000 total). Don't wait, as this is TURN-KEY and profitable even in COVID Season. Great value! (id:29904)

Property Details

MLS® Number 1192385
Property Type Multi-family
Neigbourhood Prescott


Constructed Date 1940
Fireplace Present No
Stories Total 2


Acreage No
Size Irregular * Ft X * Ft
Size Total Text * Ft X * Ft
Zoning Description Commercial/mixed Use



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