228 King Street
Prescott, ON
- 3,200 sqft
- Store W Apt/Office
An exceptional mixed-use investment in the heart of downtown Prescott! Ideally positioned on King Street in the RiverWalk District, this impeccably maintained property combines prime commercial exposure, quality residential income and future potential. With continued investment, new development and growing business activity, Prescott is becoming an increasingly attractive community for investors. The building features a street-level commercial space currently leased to a retail hunting store, with soaring ceilings, beautiful exposed brick and two half bathrooms. Three additional residential units are occupied by quiet, reliable tenants. Extensively upgraded over the past decade, improvements include most kitchens, bathrooms and windows, modern plumbing and light fixtures, quartz counters, quality appliances, glass shower enclosures, vanities, toilets and professional painting. Spray-foamed basement areas are clean and dry. Additional features include a furnace, security camera system, monitored thermostats and coin laundry. The rear apartment offers exceptionally high ceilings and its own laundry. A rooftop solar system helps keep hydro costs to approximately $150/month for the entire building. A MAJOR advantage is PARKING: 4 on-site spaces provide parking for every unit-an incredibly rare and valuable feature for downtown Prescott. There may also be potential to add a wood-frame third storey with 2 additional residential units and possible St. Lawrence River views, subject to approvals. Prescott's Downtown/RiverWalk Community Improvement Plan may also provide qualifying redevelopment projects with financial incentives. A turnkey mixed-use asset offering income today and exciting potential for tomorrow.
Listing Details
- Taxes (2025)
- $7,004
- Listed
- August 17, 2026
Price History
Property
- Lot Size
- 21 x 136 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- King St W & Centre St
- Zoning
- C1
- Parcel Number
- 681590226
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Office / Apartment Area
- 2550 Sq Ft
Community
Postal area K0E
- Population
- 39,649
- Private dwellings
- 18,426
- Median age
- 49.6
- Average household size
- 2.4
- Median household income
- $83,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Prescott · last 12 months
- Median sold price
- $395,000
- Homes sold
- 58
- Median days on market
- 32
- Sale-to-list price
- 96.6%
Based on 58 recorded sales of commercial properties in Prescott over the last 12 months.
Listed by
RE/MAX DELTA REALTY TEAM
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 3,200 sq ft
- Price per sq ft
- $249.97
- Annual property tax
- $7,004
- Tax per sq ft
- $2.19
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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