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642 West St W 4 Unit Apartment Building $1,149,900 CAD ($287,475 CAD/Unit) 7.10% Cap Rate Prescott, ON K0E 1T0
EXECUTIVE SUMMARY
Attention Investors! Purpose-built in 2024, this fully leased fourplex in central Prescott delivers turnkey income, low maintenance, and the ease of self-management. Each modern 2-bed/1-bath suite features open-concept living, durable vinyl flooring, stainless steel appliances (incl. dishwasher), in-unit laundry, and efficient hot-water boiler heating (heat included; tenants pay hydro, water & sewer). Annual rent: $93,480; NOI: $81,617.32; cap rate at asking: ~7%. Gravel parking for 6. Steps to downtown amenities and minutes to Hwy 401 and the St. Lawrence stable tenants, strong returns, and a great location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$93,480
|
$16.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,480
|
$16.02
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,862
|
$2.03
|
| Net Operating Income |
$81,618
|
$13.99
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $93,480 |
| Annual Per SF | $16.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $93,480 |
| Annual Per SF | $16.02 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,862 |
| Annual Per SF | $2.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $81,618 |
| Annual Per SF | $13.99 |
PROPERTY FACTS
| Price | $1,149,900 CAD | Building Class | B |
| Price Per Unit | $287,475 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 5,834 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $1,149,900 CAD |
| Price Per Unit | $287,475 CAD |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 5,834 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Lawn
- Smoke Free
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
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642 West St W
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