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    For Sale - 50 Central Avenue, Brockville, Ontario

    Est payment $16,807/mo
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    Views   1
    Time on Jump  7 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

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    Listing Agency:  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.

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