390-394 HYDE STREET, Prescott, Ontario K0E 1T0
$475,000.00
- 5 bedrooms
- 3 bathrooms
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 ... read more
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:25417)
Open House this Sunday, September 13th, from 11:00 AM to 1:00 PM.
- Listing ID: X13770498
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 45 by 100 FT |
| Parking: | Detached Garage 4 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Dishwasher and Water Heater |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
| Exterior: | Aluminum Siding |
| Basement: | N/A (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| Town: | Prescott |
| Province: | Ontario |
| Nearby Amenities: | Golf Nearby, Park and Place Of Worship |
| Community Features: | Community Centre |
| Rooms | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second level | 4.04 m x 3.31 m |
| Office | Second level | 3.69 m x 2.49 m |
| Bedroom | Second level | 3.2 m x 3.73 m |
| Other | Second level | 1.74 m x 0.83 m |
| Bathroom | Second level | 2.37 m x 2.07 m |
| Primary Bedroom | Second level | 3.23 m x 3.69 m |
| Bedroom | Second level | 3.75 m x 2.48 m |
| Bedroom | Second level | 3.92 m x 3.26 m |
| Bathroom | Second level | 2.45 m x 2.05 m |
| Kitchen | Main level | 3.96 m x 3.26 m |
| Dining room | Main level | 3.5 m x 4.63 m |
| Dining room | Main level | 3.39 m x 4.66 m |
| Kitchen | Main level | 4.12 m x 5.04 m |
| Bathroom | Main level | 3.29 m x 2.38 m |
| Other | Main level | 2.27 m x 4.62 m |
| Living room | Main level | 3.47 m x 4.63 m |
| Foyer | Main level | 2.15 m x 2.26 m |
| Other | Main level | 2.21 m x 2.15 m |
| Living room | Main level | 3.5 m x 4.66 m |
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