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112 King Street W Prescott, Ontario K0E 1T0

5562 sqft
Fully Air Conditioned Forced Air

$2,300,000

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. (id:48755)

Business

Business Type Personal Services
Business Sub Type Health Centre

Property Details

MLS® Number X13685826
Property Type Retail
Community Name 808 - Prescott
Amenities Near By Highway, Recreation
Parking Space Total 9

Building

Age 100+ Years
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 5562 Sqft
Size Interior 5562 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Recreation
Size Depth 136 Ft ,7 In
Size Frontage 40 Ft ,8 In
Size Irregular Bldg=40.71 X 136.63 Ft
Size Total Text Bldg=40.71 X 136.63 Ft
Zoning Description Commercial (ctn) And Res (rtp)

https://www.realtor.ca/real-estate/30167286/112-king-street-w-prescott-808-prescott

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Marc Evans
Broker

(613) 868-4383
theevansrealestategroup.com/

RE/MAX Delta Realty Team
2316 St. Joseph Blvd.
Ottawa, Ontario K1C 1E8

(613) 830-0000
(613) 830-0080
remaxdeltarealtyteam.com/

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