$475,000
390-394 Hyde Street, Prescott, ON K0E 1T0
5 beds3 baths4 parking 2000-2500 ft²
Key facts
- MLS®
- X13770498
- Status
- New
- Type
- Semi-Detached
- Taxes
- $2,993
- Size
- 2000-2500 ft²
- Parking
- 4 total
- Listed
- 2026-09-11
- Brokerage
- REMAX BOARDWALK REALTY
- Cross street
- Edward Street/Wood Street/Josephine Street
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.