235 James Street W, Prescott, ON K0E 1T0
Prescott
Turnkey legal 5-unit apartment building offering strong cash flow and extensive redevelopment in the heart of Prescott. Originally a duplex, this property has been comprehensively transformed into a modern income-producing asset while preserving its attractive brick exterior and character. Generating $93,300 in gross annual income with an approximate NOI of $78,820, the building offers an excellent unit mix of one 3-bedroom suite, two 2-bedroom suites (including an accessible unit), and two 1-bedroom suites, one of which is rented as an affordable unit. Extensive capital improvements include all new kitchens, bathrooms, flooring, lighting, interior doors, plumbing, electrical, nearly all new windows, repointed brick, new decks, upgraded insulation, modern mechanical systems, quality finishes throughout, and a durable standing seam metal roof. The building features an efficient utility structure with all tenants paying their own hydro and water. Two suites have their own dedicated heating systems and pay their own heat, while three suites are heated by an efficient central gas-fired hot water boiler. The accessible and affordable units may be of interest to purchasers exploring CMHC financing programs, subject to lender and CMHC eligibility requirements. Conveniently located within walking distance to downtown Prescott, the St. Lawrence River, shopping, restaurants, schools, and just minutes from Highway 401, this is an exceptional opportunity to acquire a true turnkey multi-family investment with significant capital improvements already completed.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 235 James Street W, Prescott, ON K0E 1T0
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MLS# X13639696
Listed by EXP REALTY
On market since Aug 5, 2026
What comparable homes actually sold for in the last 12 months.
235 James Street W, Prescott, ON K0E 1T0 is listed for $1,100,000 CAD.
235 James Street W, Prescott, ON K0E 1T0 is a Investment, 11,220 sq ft.
235 James Street W, Prescott, ON K0E 1T0 is in Prescott, Ontario.
235 James Street W, Prescott, ON K0E 1T0 is currently for sale.
Contact Alex Morgan at +16471112222 to arrange a private showing of 235 James Street W, Prescott, ON K0E 1T0 (MLS# X13639696). You can also send a message through the contact form on this site.
