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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

Area Leeds And Grenville

Zoning Commercial (CTN) and Res (RTP)

Interior

Cooling Yes

Inclusions Fridge and Stove from each residential unit, 5 A/C, 5 furnaces, 2 hot water tanks, coin operated washer/dryer on 2nd level. (does not include any belongings from commercial or residential units)

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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112 King ST W Prescott, ON K0E 1T0