view of apartment building / complex Features: apartment complex view More Photos

×

    For Sale - 50 Central Avenue, Brockville, Ontario

    Est payment $16,807/mo
    Get pre-qualified
    Views   5
    Time on Jump  167 day

    AI Summary *

    • 24-unit multifamily property with strong cash flow and growth potential.
    • Tenants pay their own utilities, reducing landlord expenses significantly.
    • Recent major upgrades include a new roof and modernized boiler system.
    • Renovated suites feature in-suite laundry for added tenant convenience.
    • Significant gap-to-market rents offer opportunities for increased income.




    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.
    Listing IDX12996878
    Address50 Central Avenue
    CityBrockville, Ontario
    Price$3,500,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air Closed

    ASAP

    Tue

    29

    Sep

    Wed

    30

    Sep

    Thu

    1

    Oct

    Fri

    2

    Oct

    Sat

    3

    Oct

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    Thu

    8

    Oct

    Fri

    9

    Oct

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    We're in the process of adding more listings. Please check back soon!

    Loading...
    50 Central Avenue
    Brockville , Ontario
    $3,500,000
    Get more info