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390-394 Hyde ST Prescott, ON K0E 1T0
5 Beds
3 Baths
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Semi-Detached
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 808 - Prescott
MLS Listing ID X13770498
Sold Date -
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,993
Tax Year 2026
Property Sub-Type Semi-Detached
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.
Location
State ON
County Leeds And Grenville
Area Leeds And Grenville
Zoning Residential (R3)
Rooms
Family Room Yes
Basement Unfinished
Kitchen 2
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Cooling Central Air
Exterior
Parking Features Private Double, Available
Garage Spaces 2.0
Pool None
View City
Roof Type Asphalt Shingle
Lot Frontage 45.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Building Age 100+
Foundation Stone
Others
Senior Community Yes
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN Yes
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