Prospect Canalfront Fixer-Upper W Income Potential
KYD 595,000
7 Bedrooms
6 Bath
2,600 sq ft
Single Family Home
• 7 Bedrooms | 6.5 Bathrooms | Canalfront | Dock
• 4 x 1-Bedroom Renovated Apartments + 3-Bedroom Main House
• Solid Seawall | Boater-Friendly | Quiet, Convenient Location
This canalfront gem in Prospect offers both rental income and long-term potential. The site includes:
Main Home: A spacious 3-bedroom, 2.5-bathroom two-storey wood-frame house built in 1994.
Rental Units: Four renovated 1-bedroom, 1-bath apartments (2017), consistently rented with high demand. Alwasys rented at CI$1500 per mth.
Boater’s Dream: Enjoy approximately. 100 feet of canal frontage with a solid seawall and dock—ideal for boating enthusiasts.
Tucked away in a quiet residential area, just minutes from George Town and Hurley’s, this low-density zoned property offers privacy and convenience. Whether you’re a savvy investor or looking to create your own canalfront sanctuary, this fixer-upper presents fantastic value and opportunity.
Location
Red Bay and Prospect
Stretching from the North Sound to the southern coast, the residential neighbourhoods of Red Bay and Prospect have become increasingly popular in recent years and it’s easy to see why. They offer a wide range of properties to choose from in close proximity to George Town, with convenient access to great schools and superb local amenities, including the Shoppes at Grand Harbour.
Generally regarded as a single neighbourhood, Red Bay and Prospect are popular residential areas situated just to the east of George Town. Well connected for both ends of the island, they offer easy access to a range of amenities and services.
There are several local schools, a good selection of shops, restaurants, and a large supermarket at the Shoppes at Grand Harbour, plus a wealth of leisure facilities. These include the King’s Sports Centre, complete with climbing wall and bowling alley, the Cayman Islands Sailing Club, and the Black Pearl Skate Park.
Should you decide to make the move to Red Bay and Prospect, there’s a variety of residential options available — from prestige oceanfront estates and upscale canal side dwellings to inland properties with a more suburban, family-friendly feel.
Mortgage estimate
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Spotts
Prospect Canalfront Fixer-Upper W Income Potential
