Prime investment opportunity in Prescott! This well-maintained six-plex at 161-193 Eliza Street offers significant value-add potential with a mix of (4) spacious two-bedroom townhome-style units and (2) large one-bedroom units. The two-bedroom units span two floors plus a basement, each featuring bright living spaces, large bedrooms, and private front and back yards, while the one-bedroom units are generously sized and situated on the lower level. All tenants are on month-to-month leases, and pay their own utilities, minimizing operating expenses. Additional features include an oversized 1-car garage and two storage sheds, offering further income potential. Located in a thriving industrial town with strong rental demand, this property is just minutes from Highway 401 & 416, making it ideal for commuters and local workers. With below-market rents and room for strategic updates, there is a clear path to increasing cash flow and maximizing investment returns. Don't miss this opportunity to secure a high-potential multi-residential property in a growing market!
Address
161-191 Eliza Street
List Price
$779,900
Property Type
Commercial
Type of Dwelling
Investment
Area
Prescott
Sub-Area
808 - Prescott
County
Leeds and Grenville
Lot Depth
100.01
Lot Type
Building
Lot Size Units
Feet
Lot Width
145.2
Frontage Length
44.26
MLS® Number
X12004923
Listing Brokerage
EXP REALTY
Postal Code
K0E 1T0
Tax Amount
$5,089.28
Tax Year
2024
Heat Type
Baseboard
Cooling Features
No
Garage Type
Single Detached
