390-394 HYDE STREET
Prescott, Ontario
MLS® X13770498
$475,000
- Status
- Active
- Property type
- House
- MLS® number
- X13770498
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- —
1 / 51Listing 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.
Property summary
- MLS® number
- X13770498
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 45 x 100 FT
- Annual property taxes
- $2,993.18
- Parking
- 4 spaces · Detached Garage, Garage
- Days on market
- 7 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Unfinished, N/A
- Appliances
- Dishwasher, Water Heater
- Exterior features
- Aluminum siding
- Community features
- Community Centre
- View
- City view
What would this home cost you?
Based on the $475,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REMAX BOARDWALK REALTY, KEMPTVILLE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.