642 West Street, Prescott, ON K0E 1X0, Prescott, ON, K0E 1X0
MLS: X11947473 | Fourplex
$1,149,900
Property Description
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!
Quick Facts
- Property Type: Fourplex
- Style: Bungalow-Raised
- Bedrooms: 8 (8 above)
- Bathrooms: 4
- Parking: 8.0 spaces (Front Yard Parking)
Costs
- Annual Taxes: $4,000.00 (2024)
Listing Provided by: EXP REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Wall Unit(s)
- Basement: None
Exterior & Construction
- Style: Bungalow-Raised
- Roof: Asphalt Shingle
- Construction: Aluminum Siding, Vinyl Siding
- Foundation: Poured Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: Residential - R3
Community & Neighbourhood
- Neighbourhood: 808 - Prescott
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
Per TRREB / PropTx Virtual Office Website (VOW) terms, this data is available to logged-in users who have accepted the VOW Terms of Use.
Sign In or RegisterLocation & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
1412 Old York Road, Burlington, ON L7P 4Z5, Burlington
Detached$1,149,900
$5,256/yr taxListing Courtesy of RE/MAX ESCARPMENT GOLFI REALTY INC.
1146 CAMPBELL Court, Burlington
House$1,149,900
$6,082/yr taxListing Courtesy of RE/MAX Twin City Realty Inc.
1146 Campbell Court, Burlington, ON L7S 1Z7, Burlington
Detached$1,149,900
$6,082/yr taxListing Courtesy of RE/MAX TWIN CITY REALTY INC.
2931 Ramsay Con 3C Road, Mississippi Mills, ON K0A 1A0, Mississippi Mills
Detached$1,149,900
$2,938/yr taxListing Courtesy of ROYAL LEPAGE TEAM REALTY
4164 Forest Fire Crescent, Mississauga, ON L4W 3P5, Mississauga
Detached$1,149,900
$6,245/yr taxListing Courtesy of RIGHT AT HOME REALTY
481 Islandview Lane, Midland, ON L4R 5H4, Midland
Detached$1,149,900
$10,152/yr taxListing Courtesy of FARIS TEAM REAL ESTATE BROKERAGE
3411-B FOUR ELMS COURT, Plympton-Wyoming
House$1,149,900
Listing Courtesy of Coldwell Banker Southwest Realty
50 Reddick Road, Cramahe, ON K0K 1S0, Cramahe
Detached$1,149,900
$5,428/yr taxListing Courtesy of RE/MAX FINEST REALTY INC., BROKERAGE
1383 FARMSTEAD Drive, Milton
House$1,149,900
$4,047/yr taxListing Courtesy of Royal LePage State Realty Inc.
793 River Road, Blossom Park - Airport and Area, ON K4M 0T9, Blossom Park - Airport and Area
Detached$1,149,900
$4,465/yr taxListing Courtesy of RIGHT AT HOME REALTY
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
131 Gore Street E, Perth, ON K7H 1J6, Perth
Fourplex$1,127,000
$7,646/yr taxListing Courtesy of CENTURY 21 RIVER'S EDGE LTD
51177 Ron Mcneil Line E, Malahide, ON N0L 2J0, Malahide
Fourplex$1,199,000
Listing Courtesy of CENTURY 21 HERITAGE HOUSE LTD
58 Willow Street, Brant, ON N3L 2K6, Brant
Fourplex$1,199,000
$5,977/yr taxListing Courtesy of RE/MAX WEST REALTY INC.
44 St Andrew Street, Lower Town - Sandy Hill, ON K1N 5E9, Lower Town - Sandy Hill
Fourplex$1,100,000
$10,336/yr taxListing Courtesy of RE/MAX HALLMARK REALTY GROUP
184 Murray Street, Lower Town - Sandy Hill, ON K1N 5M8, Lower Town - Sandy Hill
Fourplex$1,099,900
$12,777/yr taxListing Courtesy of EXP REALTY
Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
No rental comparables found in this area.
Sold comparables require subject coordinates and a sale-context listing.
Rented comparables require subject coordinates.
Book a Viewing
642 West Street, Prescott, ON K0E 1X0, Prescott, ON, K0E 1X0