20
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$2,500,000
Est. payment /mo
New
112 King ST W Prescott, ON K0E 1T0
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 808 - Prescott
MLS Listing ID X12543532
Annual Tax Amount $14,172
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Visit the REALTOR website for further information about this listing.Turnkey Fully-Leased Multi-Use Investment - Boutique Commercial + 10Apartments. An exceptional income-producing property in Prescott'sdesirable RiverWalk District-steps to the St. Lawrence River. Twobuildings (112 & 124 King) are sold together, offering a turnkey blendof commercial and residential revenue. 118 King Street was allocatedby the town for the residential units. The main commercial space-hometo Glitz, a popular destination offering individual boutique services-spans approx. 1,185 sq. ft. and features seven private treatment rooms,leased monthly to established service providers including spa, massage,cosmetic and specialty wellness offerings. The space provides a sharedwaiting room, powder room, and laundry. Commercial tenants are fullyleased and to be assumed by the new owner. Above and behind thecommercial storefront are 10 stylish one-bedroom apts, each renovatedto combine modern finishes with rustic charm. Units showcase exposedbrick, hardwood floors, open layouts, and updated marble-tiledbathrooms. All apartments include a fridge, stove, and offer strongall-inclusive rents ranging from $1,375-$1,800/mth. Fully leased andwell-maintained, they deliver stable, long-term revenue. The propertyunderwent significant upgrades from 2021-23, including new mechanicals,5 gas furnaces, 5 central air units, 2 gas hot water tanks, upgradedplumbing/electrical (800 AMP service), and triple-pane windows.Features include 9 paved tenant parking spaces, separate residentialand commercial entrances, balconies on upper levels, coin-operatedlaundry, alarm system, and excellent visibility on a high-traffic mainstreet. A rare opportunity to acquire a fully leased, updated asset ina prime downtown location-an ideal portfolio addition offering strongcash flow, modern infrastructure, and the coveted charm of Prescott'shistoric waterfront community. Contact the listing salesperson foradditional details.
Location
Province ON
County Leeds And Grenville
Community 808 - Prescott
Area Leeds And Grenville
Interior
Cooling Yes
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Available
Lot Frontage 40.71
Lot Depth 136.63
Building
Building Age 100+
Others
Security Features No
ParcelsYN No
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Listed by PG DIRECT REALTY LTD.
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