ON
Brockville
K6V4N7
50 Central W Avenue
50 Central W Avenue, Brockville, ON K6V4N7
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Listing Type
Multi Family
Listing Status
Active
15
$3,500,000

Home Details for 50 Central W Avenue

Price
$3,500,000
Type
Residential Income
Days on site
1
Listing #
X12996878
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. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • None
Listing Courtesy: EXP REALTY
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Alourd Rosales
License #: 6002375
Sales Representative
Office
647 618 3158
Agent
226 989 2676
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