ADAM MILLS REALTY TEAM


LOADING

126-128 Prescott Street Kemptville, Ontario K0G 1J0

3028 sqft

$1,350,000

Prime investment or owner-occupier opportunity in downtown Kemptville: a newly renovated 3,028 sq ft mixed-use commercial building. All permits were ov The ground floor features two commercial spaces totaling 1560 sq ft—a boutique clothing store and an aesthetic salon/office—providing steady rental income. The upstairs 912 sq ft unit is a fully furnished 2-bedroom, 2-bathroom Airbnb with modern amenities, ideal as a residence or long-term rental. The Airbnb can be professionally managed or managed by the owner. This turnkey investment offers a gross operating income of $84,000 and operates at a 5% cap rate, ensuring strong financial performance. Zoned C1-Downtown Commercial, the property allows for diverse uses and future development potential, complemented by a rear parking lot. Live upstairs while collecting rent from commercial tenants below, or rent out both spaces. Just 30 minutes from Ottawa, this property features the best of a maximized mixed-use investment. (id:49712)

Property Details

MLS® Number 1397891
Property Type Retail
Neigbourhood Downtown Kemptville
Parking Space Total 10

Building

Constructed Date 1920
Size Interior 3028 Sqft

Land

Acreage No
Size Depth 163 Ft ,2 In
Size Frontage 33 Ft
Size Irregular 32.99 Ft X 163.2 Ft (irregular Lot)
Size Total Text 32.99 Ft X 163.2 Ft (irregular Lot)
Zoning Description C1-downtown Commerci

https://www.realtor.ca/real-estate/27061151/126-128-prescott-street-kemptville-downtown-kemptville


Chris Tremblay
Broker

(613) 601-0143
ROYAL LEPAGE TEAM REALTY
1723 Carling Avenue, Suite 1
Ottawa, Ontario K2A 1C8

(613) 725-1171
(613) 725-3323
www.teamrealty.ca