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$ 299,900
Est. payment | /mo
3 Beds
3 Baths
$ 299,900
Est. payment | /mo
3 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 808 - Prescott
MLS Listing ID X12325320
Style 2-Storey
Bedrooms 3
Annual Tax Amount $2,732
Tax Year 2025
Property Sub-Type Semi-Detached
Property Description
Ideal for savvy investors seeking a high-yield, low-touch opportunity in Prescott, this duplex at 122 Dibble St E delivers a current 7% CAP rate- well above local multi-unit averages. Both units are fully leased: Unit A (2 bdrm) at $1,537.50/month, Unit B; rear unit (1 bdrm) at $1,076.25/month, with utilities included in the rent (Rents increasing Oct 1 to Unit A; $1575.94 and Unit B; $1103.16). Recent electrical and plumbing upgrades minimize maintenance risk and raise asset appeal. Strategic flexibility: easily re-convertible to a single-family home by re-opening two passageways (one per floor) offering options for owner occupancy or conversion upside. Positioned in the heart of Prescott, just steps from RiverWalk Park, Heritage River Trail, and the nationally significant Fort Wellington, the location supports both lifestyle and lodging appeal. Prescotts strong community infrastructure, economic development plans, and recreational trails enhance investor confidence.This is a turnkey investment featuring solid income, minimal capital requirements near-term, and conversion optionality for future value optimization. Minimum 24 hours notice for showings and minimum 24 hour irrevocable on all offers. No interior photos as per the request of tenant privacy.
Location
Province ON
County Leeds And Grenville
Community 808 - Prescott
Area Leeds And Grenville
Rooms
Family Room No
Basement Crawl Space
Kitchen 2
Interior
Interior Features None
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Available, Private
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 71.0
Lot Depth 68.0
Total Parking Spaces 2
Building
Foundation Stone
Others
ParcelsYN No
Listed by ROYAL LEPAGE TEAM REALTY
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