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$ 779,900
Est. payment | /mo
14,520 SqFt
$ 779,900
Est. payment | /mo
14,520 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 14,520 sqft
Price per Sqft $53
Subdivision 808 - Prescott
MLS Listing ID X12004923
Annual Tax Amount $5,089
Tax Year 2024
Property Sub-Type Investment
Property Description
Prime investment opportunity in Prescott! This well-maintained six-plex at 161-193 Eliza Street offers significant value-add potential with a mix of (4) spacious two-bedroom townhome-style units and (2) large one-bedroom units. The two-bedroom units span two floors plus a basement, each featuring bright living spaces, large bedrooms, and private front and back yards, while the one-bedroom units are generously sized and situated on the lower level. All tenants are on month-to-month leases, and pay their own utilities, minimizing operating expenses. Additional features include an oversized 1-car garage and two storage sheds, offering further income potential. Located in a thriving industrial town with strong rental demand, this property is just minutes from Highway 401 & 416, making it ideal for commuters and local workers. With below-market rents and room for strategic updates, there is a clear path to increasing cash flow and maximizing investment returns. Don't miss this opportunity to secure a high-potential multi-residential property in a growing market!
Location
Province ON
County Leeds And Grenville
Community 808 - Prescott
Area Leeds And Grenville
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 145.2
Lot Depth 100.01
Listed by EXP REALTY