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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  5 day

    AI Summary *

    • 24-unit multifamily property offers immediate scale and in-place rental income.
    • Nearly all tenants pay their own utilities, with separate hydro and water meters.
    • Major updates include a 2022 roof, boiler systems, and renovated suites.
    • Renovated suites feature in-suite laundry.
    • Below-market rents offer potential for future income growth.




    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.
    Listing IDX14158436
    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 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.

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