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In-PersonVirtual Tour
$ 3,500,000
Est. payment | /mo
$ 3,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 810 - Brockville
MLS Listing ID X12996878
Annual Tax Amount $52,474
Tax Year 2025
Property Sub-Type Investment
Property Description
Rare chance to acquire a 24-unit Brockville multifamily asset offering immediate scale, stable in-place cash flow, and exceptional long-term upside at a 5.0% cap rate. The property features minimal landlord utility exposure with 24 hydro meters and 24 water meters, with nearly all tenants paying their own utilities. Major capital work has already been completed, including the 2022 roof, updated boiler system with new controls, backup boiler, and renovated suites with in-suite laundry. The true story here is the remarkable 61.6% gap-to-market rents, creating a clear path to substantial NOI growth and long-term equity appreciation in a strong Brockville location just off Highway 401. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer.
Location
Province ON
County Leeds And Grenville
Area Leeds And Grenville
Zoning R5
Interior
Cooling No
Inclusions To be confirmed by the Vendor.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Others
Virtual Tour https://youriguide.com/15_50_central_ave_w_brockville_on
Lited by EXP REALTY
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