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$2,300,000
Available - For Sale
Listing ID: X13685826
A remarkable fully leased mixed-use investment in the heart of Prescott's RiverWalk District, steps from the St. Lawrence River. 112 & 124 King St W, with 118 King allocated to the residential units, combine a unique commercial concept with 10 beautifully renovated apartments, extensive upgrades and deeded access to 9 parking spaces. The front main level is a street-level wellness and personal-care commercial hub anchored by GLITZ, featuring 7 private treatment rooms leased to established spa, massage, cosmetic and wellness professionals. Approx. 1,185 sq ft, the space includes a shared waiting area, powder room and laundry, with a handicap-accessible breezeway providing convenient access. Above and behind the commercial space are 10 stylish one-bedroom apartments extensively renovated in 2022. The same high-quality finishes found throughout this portfolio continue here, with quartz counters, quality cabinetry and appliances, modern plumbing and lighting fixtures, upgraded bathrooms with glass shower enclosures, contemporary vanities and toilets, hardwood flooring and professionally finished interiors. High ceilings and exposed brick add character, while second-floor apartments feature large private rear decks. The rear exterior is finished in durable, high-end masonry stucco. Major 2021-2023 improvements include 5 gas furnaces, 5 central A/C units, 2 gas hot water tanks, upgraded plumbing and electrical with 800 AMP service, and triple-pane windows. Additional features include coin laundry, an alarm system, separate commercial and residential entrances and excellent King Street visibility. Fully leased with established tenants, modern infrastructure and 9 deeded parking spaces, this is a rare opportunity to acquire a substantial turnkey asset combining immediate cash flow with the character and long-term potential of Prescott's historic waterfront downtown.
Price $2,300,000
Taxes: $14,172.7
Tax Type: Annual
Occupancy by: Owner
Address: 112 King Street West , Prescott, K0E 1T0, Leeds and Grenvi
Postal Code: K0E 1T0
Province/State: Leeds and Grenvi
Legal Description: PT LT 7 N/S KING ST BLK 2 PL 19 PRESCOTT
Directions/Cross Streets: Edward Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Multi-Use
Use: Health & Beauty Related
Building Percentage: F
Total Area: 5,562
Total Area Code:  Square Feet
Office/Appartment Area: 5295
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway   Recreation/Comm
Approximatly Age: 100+
Maintenance: 0
Water Expense: $7998
Net Income Before Debt: $185256
Expenses Actual/Estimated: $Act
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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RE/MAX DELTA REALTY TEAM

112 King Street West , Prescott, K0E 1T0, Leeds and Grenvi

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Maria Tompson
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Type: Com - Commercial Retail
Area: Leeds and Grenville
Municipality: Prescott
Neighbourhood: 808 - Prescott
Style:
Lot Size: x 136.63(Feet)
Approximate Age: 100+
Tax: $14,172.7
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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