REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Laura Thompson

laura.thompson@engelvoelkers.com +1(613) 422-8688

$ 475,000

Est. payment -/mo

Save Virtual Tour

Open Sun 11AM-1PM

390-394 HYDE STREET Prescott, ON K0E1T0

5 Beds

3 Baths

2,000 SqFt

Open House

Sun Sep 13, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $237

Subdivision 808 - Prescott

MLS® Listing ID X13770498

Bedrooms 5

Half Baths 1

Property Sub-Type Freehold

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:24570)

Location

State ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 4.04 m X 3.31 m Primary Bedroom

Extra Room 2 Second level 3.69 m X 2.49 m Office

Extra Room 3 Second level 3.2 m X 3.73 m Bedroom

Extra Room 4 Second level 1.74 m X 0.83 m Other

Extra Room 5 Second level 2.37 m X 2.07 m Bathroom

Extra Room 6 Second level 3.23 m X 3.69 m Primary Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Community Features Community Centre

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 4

Garage Yes

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

Virtual Tour https://mediahill.pixieset.com/390and394hydestreet/

Listed by REMAX BOARDWALK REALTY

NEARBY SCHOOLS & PROPERTIES

Laura Thompson

Salesperson

+1(613) 422-8688

GET MORE INFORMATION