Deanna Parisi direct 613-859-7704 | David Parisi direct 613-859-4047

642 WEST STREET
Prescott, Ontario K0E1X0

  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott
  • 642 WEST STREET Prescott

$1,149,900

ID# X11947473

8 Bedroom 4 Bathroom

Wall unit Hot water radiator heat

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:25961)
LEARN MORE ABOUT THIS PROPERTY
Courtesy of EXP REALTY

Listed on: January 28, 2025

On market: 4 days
Bathroom Total 4
Bedrooms Total 8
Cooling Type Wall unit
Heating Type Hot water radiator heat
Heating Fuel Natural gas
Stories Total 1

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642 WEST STREET

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Deanna Parisi

Realtor®

Direct: 613-859-7704

Deanna@theParisiGroup.ca

David Parisi

Realtor®

Direct: 613-859-4047

David@theParisiGroup.ca

376 Churchill Ave. N,

Unit 101

Ottawa, Ontario

613-755-2278

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