50 CENTRAL AVENUE W
Brockville, Ontario
MLS® X12996878
$3,500,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12996878
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 16Listing 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.
Property summary
- MLS® number
- X12996878
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 26,932 sq ft
- Land size
- 210 x 145 FT
- Annual property taxes
- $52,474.00
- Days on market
- 134 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
What would this home cost you?
Based on the $3,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.