642 West Street, Prescott, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised fourplex located in the coveted neighborhood of 808 - Prescott. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,149,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Premium 50 x 118 ft lot size
- 8.0 total parking spaces available
- Notable attributes: Water Heater Owned, Separate Hydro Meter
- equipped with wall unit(s) central cooling and highly efficient water heating via gas
Description
Attention Investors! Brand-New 2024-Built 4-Plex in Prime Prescott Location. Discover a rare opportunity to own a brand-new, purpose-built 4-plex in the heart of Prescott! Completed in 2024, this low-maintenance investment property is fully tenanted with leases that began in 2024, ensuring immediate rental income and future growth. Ideally located downtown, 642 West St. offers unparalleled convenience just minutes from schools, shopping, restaurants, Hwy 401, and the scenic St. Lawrence River. Prescott is a growing community with expanding job opportunities, making it an attractive rental market. Each of the four modern 2-bedroom, 1-bath units features an open-concept layout, durable vinyl flooring, stylish kitchens with stainless steel appliances (including dishwashers), and in-unit stackable washers & dryers. Recessed pot lights add a contemporary touch, while an efficient hot water boiler system provides comfortable heating. Current Rent Roll (All Tenants Pay Hydro, Water & Sewer, Heat Included): Upper Units: $2,000/month each (Increasing to $2,050/month in May & July 2025). Lower Units: $1,800/month each (Increasing to $1,845/month in June & July 2025). Total Current Annual Rental Income: $91,200. Total Annual Rental Income After Rent Increases (2025): $93,780. Estimated Annual Expenses (Property is yet to be assessed and has not been operated for a full year): Property Taxes: $4,000 (Estimated). Insurance: $2,638 (Actual). Heating: $2,000 (Estimated Gas Hot Water Boiler System). Lawn Care & Snow Removal: $1,300 (Actual). Current Net Operating Income (NOI): $81,262. Projected NOI After Rent Increases (2025): $83,842. With parking for 8 vehicles and a location in a steadily growing rental market, this turnkey investment is the perfect addition to your portfolio. Interior pictures are prior to occupancy. Don't miss out, contact us today for more details!
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Property Summary
This fourplex located at 642 West Street, Prescott is currently for sale and has been available on SousaSells for 550 days. This property is listed at $1,149,900 with an estimated mortgage of $3,828* per month. It has 8 beds, 4 bathrooms, and is unknown square feet. 642 West Street, Prescott is in the 808 - Prescott neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in 808 - Prescott, Prescott.
- •8 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •Desirable Fourplex architecture in 808 - Prescott, Prescott
Growing families needing multi-bedroom flexibility and space in 808 - Prescott, Prescott.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater Owned
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 642 West Street, Prescott, ON
Q.What is the asking price for 642 West Street, Prescott, ON ?
The current listing price for 642 West Street, Prescott, ON in 808 - Prescott, Prescott is $1,149,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 4 bathrooms.
Q.What property type and architectural style is 642 West Street, Prescott, ON ?
642 West Street, Prescott, ON is a Fourplex (Bungalow-Raised) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned, Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Wall Unit(s).
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Pricing & Value Insights
Data-driven valuation for 642 West Street, Prescott, ON K0E 1X0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Prescott, ON
For a property listed at $1,149,900 in Prescott, the legal minimum down payment is $229,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $19,473 for this transaction. As this listing is in Prescott (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $19,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.