50 Central Avenue W, Brockville, Ontario

About 50 Central Avenue W

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:6289)

More Info on this 810 - Brockville Multi-Family MLS® listing

50 Central Avenue W is a multi-family listing for sale in Brockville. The MLS® number is X12996878. It covers 26,932 square feet. It's currently listed for $3,500,000. For more details on MLS® X12996878, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in 810 - Brockville is available now!

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