Open House Sun, Sep 13th 11:00 AM - 01:00 PM
Address
390-394 Hyde Street, Prescott, ON
Price
$ 475,000
Open House Sun, Sep 13th 11:00 AM - 01:00 PM

Your Agent

Margaret Burniston

Broker/Manager

613-323-4903


Listing provided by Margaret Burniston, Broker/Manager, REMAX Boardwalk

Property Attributes
  • ID#X13770498
  • TypeSingle Family
  • Listing Status Active
  • MunicipalityPrescott
  • CityPrescott
  • Area808 - Prescott
  • Neighbourhood808 - Prescott
  • Postal CodeK0E 1T0
  • Style
  • Price$ 475,000
  • Bedrooms5
  • Bathrooms2
  • Half Bathrooms1
Data Source:
Canadian Real Estate Association (CREA)
Property Description

Two units. Zero tenants. One seriously interesting opportunity. Welcome to 390-394 Hyde Street, a VACANT, well-maintained duplex that gives its next owner something investors love: options. Choose your own tenants, set your own rents, live in one and let the other help pay the bills, or add both doors to your investment portfolio. 390 offers 2 bedrooms PLUS an office/den, 2 bathrooms, a formal dining room, living room, kitchen and two porches. 394 brings another 3 bedrooms, 1 bathroom, dining room, living room and kitchen. That's five bedrooms, three bathrooms and plenty of space between the two units. Sitting proudly on a corner lot, there's another surprise out back: a detached DOUBLE-CAR GARAGE with a loft. Storage, toys, workshop space... you decide. Now, let's talk numbers. At projected rents of $1,500/month per unit, you're looking at $36,000 in potential gross annual rent. Using a 5% vacancy allowance, 5% maintenance/repair allowance, 2026 taxes of $2,993.18 and insurance of $2,752.67, estimated NOI is approximately $26,654 - translating to a projected 5.61% cap rate at the $475,000 asking price. Plus, each unit has separate hydro and gas meters.Vacant duplex. Double garage. Five bedrooms between the units. 390-394 Hyde Street might just make your calculator - and your portfolio - very happy. Rental income, expenses, NOI and cap rate are projections only. Buyers to complete their own due diligence. (id:7434)

General Features

Community Features Community Centre
Property Type Single Family
Zoning Description Residential (R3)
CommunityName 808 - Prescott
Amenities Park, Place of Worship, Golf Nearby
Building Age 100+ years
Building Amenities Separate Heating Controls, Separate Electricity Meters
Building Appliances Water Heater, Dishwasher
Building Cooling Type Central air conditioning
Location Description Cross Streets: Edward Street/Wood Street/Josephine Street. ** Directions: From HWY 401 - Take exit 716 Prescott. Continue south onto Edward Street. Turn right onto Wood Street. Wood Street turns into Hyde St. Property is on the right hand side.
Parking Space Total 4
Foundation Type Stone
Building Type House
Ownership Type Freehold
Building.StoriesTotal 2

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas
Basement Development Unfinished
Basement Type N/A (Unfinished)
Construction Style Attachment Semi-detached
Living Area Range 2000
Bedrooms 5

Exterior Features

ViewType City view
Land Amenities Park, Place of Worship, Golf Nearby
Sewer Sanitary sewer
Exterior Finish Aluminum siding

Room Details

Room Dimensions Level Flooring Details
Bathroom 3.29 m x 2.38 m Main level 2.38 m
Bedroom 3.92 m x 3.26 m Second level 3.26 m
Dining room 3.39 m x 4.66 m Main level 4.66 m
Foyer 2.15 m x 2.26 m Main level 2.26 m
Kitchen 4.12 m x 5.04 m Main level 5.04 m
Living room 3.5 m x 4.66 m Main level 4.66 m
Office 3.69 m x 2.49 m Second level 2.49 m
Other 2.21 m x 2.15 m Main level 2.15 m
Primary Bedroom 3.23 m x 3.69 m Second level 3.69 m

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in K0E 1T0

Price
AVG $690K
$480K

Your Agent

Margaret Burniston

Broker/Manager

613-323-4903


Listing provided by Margaret Burniston, Broker/Manager, REMAX Boardwalk

Listed By
REMAX BOARDWALK REALTY