650 DUKE Street, Prescott, ON
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Property Highlights
Welcome to this remarkable triplex located in the coveted neighborhood of 808 - Prescott. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $474,900 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 50 x 100 ft lot size
- Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient other configuration
- Notable attributes: Other
- Efficient baseboard heating via electric
Description
Solid investment opportunity in Prescott. Purpose-built brick Triplex with two units vacant and the third with a long term tenant. Unit 1 is a vacant freshly renovated 1-bedroom with brand new appliances. Unit 2, redone in 2015, is a tenanted 2-bedroom with a small balcony. On the top floor is Unit 3, a vacant 2-bedroom with balcony that was fully renovated in 2022. There is also a profitable coin-operated washer and dryer on the ground level, offering convenience for your tenants. All 3 units are equipped with fridge and stove, and each has a rental hot water heater. The roof, soffits, and fascia were replaced in 2015, making this a turn key operation. When units 1 and 3 are rented out at current rental rates, this will make a good addition to anyone’s portfolio., Flooring: Vinyl, Flooring: Laminate
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Pricing & Value Insights
Data-driven valuation for 650 DUKE Street, Prescott, ON K0E 1T0
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About Purchasing a Home in Prescott, ON
For a property listed at $474,900 in Prescott, the legal minimum down payment is $23,745 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 $5,973 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 $5,973.
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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.
