Multi Family For Sale

87-93 King ST W

Brockville, Ontario

SOLID ROCK REALTY

$2,600,000

Basic Details
Status: Active
Property Type: Multi-family
Listing Type: For Sale
MLS® #: K21003178
Price: $2,600,000
Property Description

Check this out! 5% cap rate with potential for better for this neat & tidy building that is strictly managed with good tenants! Amazing river views from 3rd & 4th levels Renovated 4-story 14-unit apartment building with 2 main level commercial units 1000 sq ft & 1800 sq ft + 1 bachelor-2 one-bdrm units & 9 two-bdrms units-Situated in one of the best locations in downtown Brockville immediately opposite CIBC & short walk to the Tall Ships/Aquatarium & Courthouse Square with its spectacular gardens & flower beds-Updates: roof 2020, most windows 2017, natural gas boiler heating system-Some units recently renovated with new flooring awesome kitchens & wow-factor bathrooms-Many units with original hrwd flooring-1 commercial unit & 1 residential unit with jaw dropping spectacular 10 ft+ ceilings- -Great upside potential as renovated units are going for 70% more rent than present rent-main floor west commercial unit needs significant updates-1 residential unit is rough, balance range from nice and clean to nicely renovated, a few are spectacular”¦.and the river views are awesome-Detailed net sheet available & add’l photos are available for serious buyers-Viewing units available after accepted offer in place-City of 1000 Islands is located on 401 Corridor only 3 hours from Toronto & 2.5 hours from Ottawa & in between 2 bridges to U.S.-Brockville s is an up & coming retirement community with some small light industry & an extensive retail & service sector. (id:15472)

Additional Information
87-93 King ST W
87
King
Street
Canada, Ontario, Brockville, K6V3R1
County of Leeds
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Municipal water
Municipal sewage system
Mixed Use
Road access
under 1/2 acre
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Residential
Residential
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Neighbourhood Information
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"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."