101-115 King Street, Prescott, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of 808 - Prescott. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,700,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 89.21 x 122.05 ft lot size
- equipped with partial central cooling and highly efficient other heating
Description
**Prime Downtown Investment Opportunity in the heart of Prescott. ** Located at the prominent downtown corner of King St and Edward St, this exceptional three-building complex offers a rare chance to acquire a high-visibility, mixed-use property in an area undergoing major transformation. The 2 properties consist of attached buildings featuring a total of 8 residential units and 3 commercial spaces, providing a strong mix of income streams. The buildings are nestled between King St and Water St with back of building access, across the street from the marina and amphitheatre. The residential units offer stable tenancy, while the street-level commercial spaces benefit from excellent exposure in a busy downtown setting. Prescott is experiencing significant growth, with new housing developments planned throughout the area, driving increased demand for both residential and commercial space. This positions the property for long-term appreciation while delivering reliable current income.The site also presents value-added expansion potential, making it an ideal opportunity for investors seeking both stability and upside in a revitalizing downtown market. Financial information available upon request to Listing Agent.
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Pricing & Value Insights
Data-driven valuation for 101-115 King Street W, Prescott, ON K0E 1T0
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About Purchasing a Home in Prescott, ON
For a property listed at $2,700,000 in Prescott, the legal minimum down payment is $540,000 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 $53,975 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 $53,975.
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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.