For Sale · Multifamily

#4 - 191 KING STREET W, Prescott

#4 - 191 KING STREET W, Prescott, ON K0E1T0

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

97%

About this property

Fully renovated Bachelor Suite apartment in the heart of historic Downtown Prescott, just steps from the St. Lawrence River, the City Clock Tower, restaurants, cafes, shopping, parks, marinas, and everyday amenities. Located in a landmark building, this bright and modern unit has been completely renovated and offers the feel of a brand-new home. Features include newly built and fully insulated walls, new flooring throughout, elegant drop ceilings with modern recessed lighting, a contemporary kitchen with brand-new cabinetry, sink, and fixtures, a beautifully renovated bathroom, in-suite laundry, and individual climate control. A stunning exposed stone feature wall adds warmth and character while complementing the building's historic charm. Every detail has been thoughtfully finished to create a fresh, stylish, and comfortable living space. Enjoy the convenience of downtown living with everything within walking distance. Ideal for professionals, retirees, or anyone seeking a modern, walkable waterfront lifestyle in one of Prescott's most desirable locations. Enjoy Prescott's year-round community events and recreation, including the St. Lawrence Shakespeare Festival, Upper Canada Folkfest, Summer Concert Series, Riverwalk Promenade, Farmers' Market and live entertainment. Winter activities include outdoor skating at Sandra S. Lawn Harbour and Sarah Spencer Park, tobogganing near Fort Wellington, and winter walks along the Heritage River Trail. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

137,403

Households

58,993

Median income

$100,000

Median age

32.3

Daytime population

196,560

5-yr growth

3.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for #4 - 191 KING STREET W, Prescott.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.