390-394 Hyde Street, Prescott, ON, K0E 1T0

Open House Sun, Sep 13th 11:00 AM - 01:00 PM

Address

390-394 Hyde Street, Prescott, ON

Listing Type

Single Family

Price

$ 475,000

Open House Sun, Sep 13th 11:00 AM - 01:00 PM

Your Agent

Sharon Jordan

Broker

Listing provided by Sharon Jordan, Broker, Team Jordan

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	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