175 W Water Street W 205, Prescott

$545,000
175 W Water Street W 205

$545,000

New
15d
Condo Apartment1 Storey/Apt

175 W Water Street W 205, Prescott

Total Monthly Obligation $3,378

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
15d
Score
17
Yield
5.6%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Condo Apartment
MLS® Number-X13874888
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Lot Size-1300 SqFtDivisible
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-16-30
Taxes-$5,220 (2026)
Maintenance-$545/mo
Locker-Exclusive
Parking-1 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Stucco (Plaster)
Foundation-Concrete
Possession-Immediate/ TBD
Neighbourhood-808 - Prescott
Title-Residential Condo & Other

No agent assigned

Waterfront, Sunrises and Sunsets desired? This lovely 2 bedroom unit has both. North has a shared Lanai, prefect for viewing the town activities, and the south overlooks the magnificent St. Lawrence River. Enjoy ship watching, pleasure craft activities, scuba park and divers, playground, and park. Part of the Riverwalk region connecting to the Kinsmen Amphitheater, with Sunday night concerts, and the St. Lawrence Shakespeare festival, and the Prescott Harbour. Secure Building, Indoor Parking, Elevator and Storage. Your unit opens into the hallway to your two sizeable bedrooms. Primary has a full 4 piece beautiful ensuite. Main bath is accessible to the open areas of the kitchen, dining, sitting and living. Large kitchen with peninsula suitable for breakfast stools, island, and ample cabinets and storage. Stunning Cabinetry and Appliances including dishwasher, refrigerator, built in range, and range hood/ convection/ microwave. Gleaming floors throughout. Lots of entertainment spaces, featuring a lovely sitting area overlooking your view. Large balcony with gas hookup, cork flooring, rails...large enough to accommodate a full outdoor sitting area , or dining suite. Beautiful Custom Wooden Window covers. Pets allowed with restriction/ ask. Elevator to interior underneath parking. Garbage and Direct Mail services. MUST be seen to be appreciated. Walkable to all amenities, including churches, shopping, markets, entertainment, restaurants. Only 1 hour to Ottawa, and near all major transportation. Minutes to the US/CAN International Bridge. N.B. Some A1 enhancement to photos. Very sought after location. NOTE: Some photos AI enhanced decor presentation on photos and video. Parking entry on riverside of building. Park area. Play area. Enjoy Divers and Watercraft. ELEVATOR. OPEN lanai. Self Managed.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$436,000
Land Transfer Taxes$7,375
Legal Fees (Est.)
$
Total cash required for closing$117,875

Total Monthly Obligation

$3,378/mo
Mortgage $2,198
Monthly Loss $2,800
Principal$579
Interest$1,620
Property Tax$435
Condo Fees$545
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
7.0%18
10-Year IRR
8.4%
Returns Index
10.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,372/yr
NOI
$13,175/yr
Net Cash Flow
-$1,100/mo
Cash Margin
-43.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 175 W Water Street W 205

Time

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