
Welcome to this remarkable commercial retail located in the coveted neighborhood of Prescott. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $24 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Exceptional opportunity to lease a 1,600 SF restaurant-ready commercial space in the heart of Downtown Prescott. Located at 198 King Street West, this distinctive ground-floor space offers much of the infrastructure already in place for a restaurant, café, lounge or take-out operation, providing an excellent head start for a new hospitality concept. Previously operated as a food-service establishment, the premises feature substantial existing kitchen infrastructure, including commercial exhaust hoods and ductwork, gas service, kitchen/service areas and plumbing connections. The proposed restaurant layout provides seating for approximately 42 guests, with an open dining area offering flexibility for a variety of concepts. The character of the space is enhanced by exposed brick walls, high ceilings and large King Street windows, creating an inviting atmosphere well suited to a restaurant, café or lounge. Its prominent downtown location offers excellent visibility and is within walking distance of the St. Lawrence River waterfront, marina, shops, businesses and community attractions. The layout may also offer potential to separate the premises into distinct front and rear commercial areas, subject to Landlord approval and all applicable municipal requirements, creating additional possibilities for retail, take-out, food service or complementary uses. An excellent opportunity for an operator looking to establish a business in Downtown Prescott without starting from an unfinished commercial shell. Bring your concept and explore the possibilities this unique space has to offer. Base rent is $24.00/SF per year, plus HST. Additional rent for the tenant's share of property taxes and operating costs is estimated at approximately $300 per month.
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This commercial retail located at 198 King Street, Prescott is currently for sale and has been available on SousaSells for 2 days. This property is listed at $24 with an estimated mortgage of $0* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 198 King Street, Prescott is in the Prescott neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Prescott, Prescott.
First-time home buyers, professionals, or investors seeking value.
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No historical data available for this property.
This could be the first listing for this address.
The current listing price for Address withheld, Prescott, ON in Prescott, Prescott is $24.
This property features null bedrooms and null bathrooms.
Address withheld, Prescott, ON is a Commercial Retail () featuring a basement.
Security features include: No.
Heating is provided via standard central heat and cooling via No.
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Prescott, Prescott
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Data-driven valuation for 198 King Street W, Prescott, ON K0E 1T0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Prescott.
About Purchasing a Home in Prescott, ON
For a property listed at $24 in Prescott, the legal minimum down payment is $1 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. As this listing is in Prescott (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $0.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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