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Salim Walji

salim.shak.walji@gmail.com +1(647) 242-3480

$ 899,900

Est. payment -/mo

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29 Marcel ST Prescott And Russell, ON K0A 1W0

5 Beds

4 Baths

UPDATED:

01/14/2025 02:52 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID X11922144

Style 2-Storey

Bedrooms 5

Annual Tax Amount $5,532

Tax Year 2025

Property Description

Fantastic Investment Opportunity in Embrun! This recently built duplex offers excellent income potential and long-term security, with both units rented on five-year leases until April 1st, 2029. Conveniently located in a desirable neighborhood, this property is well-maintained and fully tenanted, making it a hassle-free addition to any portfolio. The upper unit features a bright, open-concept kitchen and dining area with a patio door leading to a large deck. The spacious living room is filled with natural light from its large windows. This unit includes three bedrooms, two and a half bathrooms, and an oversized laundry room on the 2nd floor. The lower unit has its own private side entrance with large foyer and offers two bedrooms plus a den, a full bathroom with seperate laundry, and an open-concept kitchen, dining, and living area. Despite being a lower unit, it feels bright and welcoming thanks to large windows that bring in plenty of natural light. The property includes separate utilities for each unit, with two furnaces, two HRVs, two rented hot water tanks, and individual gas and hydro meters. Tenants are responsible for their own heating and hydro, while the landlord covers water expenses up to $100 per month. The upper unit, located at 29 Marcel, is currently rented for $2,850 per month, while the lower unit, 29A Marcel, rents for $2,200 per month. Both units are in excellent condition and are well cared for by reliable tenants, providing peace of mind for the next owner. With secure leases in place, modern finishes throughout, and a prime location in a growing community, this duplex is a smart investment with strong cash flow potential. Dont miss out on this incredible opportunity!

Location

Province ON

County Prescott And Russell

Community 602 - Embrun

Area Prescott And Russell

Region 602 - Embrun

City Region 602 - Embrun

Rooms

Family Room Yes

Basement Apartment, Separate Entrance

Kitchen 2

Separate Den/Office 2

Interior

Interior Features Air Exchanger, Auto Garage Door Remote, In-Law Suite, On Demand Water Heater, Separate Heating Controls, Separate Hydro Meter, Accessory Apartment

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Natural Gas, Family Room, Living Room

Inclusions 2 Fridges, 2 Stoves, 2 Dryers, 2 Washers, 2 Dishwashers, 2 Hood Fans, 2 Air Exchangers, Auto Garage Door Opener

Exterior

Exterior Feature Deck

Parking Features Front Yard Parking

Garage Spaces 5.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 36.03

Lot Depth 134.91

Total Parking Spaces 5

Building

Foundation Poured Concrete

Listed by LOCKE REAL ESTATE INC.

Salim Walji

Agent | License ID: 9627394

+1(647) 242-3480

Salim Walji

29 Marcel ST Prescott And Russell, ON K0A 1W0

Key Details

Location

Rooms

Interior

Exterior

Building

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29 Marcel ST