Added 3 days ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-6 To 12 Units
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Zoning: C2-X2-1
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Age: No Data
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Taxes: 2907
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MLS®#: X12005510
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Days on Site: 1 Days
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Added: Mar 06, 2025 (3 days ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: SOLID ROCK REALTY
Whether you're a seasoned investor, homeowner or new to the market, this is a fantastic opportunity to own a renovated property that offers flexibility and immediate rental income of $5200/month with opportunity to increase future earnings to at least $7500/month-This all-brick nicely maintained 3000 sq ft legal conforming rooming house, features 6 individual rooms + 3 larger apts-Multiple possibilities if a new owner would like to change its use, however the great tenants would like to remain-Bsmt unit has its own bath & living, dining/kitchen area & will be vacant in late spring-Other 8 units share 2 renovated 3 pc baths-Over $80,000 spent in recent renovations, including updated flooring in common areas, plumbing, electrical, 2 bathroom renovations, new treads on main staircase, freshly painted and new 4 camera wi-fi enabled security system so you can monitor the building from anywhere in the world! Building has passed recent City of Brockville Fire Inspection-Other updates include: Newer shingles, new windows app 2010, maintenance-free vinyl siding, soffit & fascia-breaker panels with copper wiring, natural gas furnace & natural gas hwt 2018-Large storage bsmt easily converted to common recreation room-Steel fire escape-Currently no residents of building use 2 rear parking spaces-Municipal 2 hr on-street parking-New on-site property manager would like to remain-Tenants help pay utilities & most have up-to-date signed leases-Located in downtown core walking distance to mighty St. Lawrence & all amenities incl downtown shopping, restaurants, coffee shops, CIBC, grocery store & more-Easy access to municipal bus-Located in a beautiful area opposite a lovely church-Cash cow property produces a great return!
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Net Income: 48996
Area: Brockville
Community: 810 - Brockville
Availability Date: Negotiable
Inside
Bathrooms: 3
Air Conditioning: N
Washrooms: 3
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT LT B, C PL 146 DESIGNATED AS PARTS 2 & 3 28R8055; S/T & T/W A
Taxes: $2,907
Expenses: Est
Insurance Fee: 4469
Operating Fees: 36804
Hydro Expense: 8412
Heat Expenses: 3300
Taxes Type: Annual
Taxes: 2907
Tax Year: 2025
Water Fees: 1704
Land
Cross Street: King Street East & P
Municipality District: Brockville
Parcel Number: 441620075
Lot Depth: 100 Feet
Lot Frontage: 22.8 Feet
Zoning: C2-X2-1
Commercial Specific
Total Area: 3066
Total Area Metric: Sq Ft
Area Influence: Public Transit
Lot Code: Building
Gross Income/Sales: 85800
Commonwealth Public School
Elementary: PublicSt Francis Xavier Separate School
Elementary: CatholicSt Mary's Separate School
Elementary: CatholicPrince of Wales Public School
Elementary: PublicBCI Intermediate School
Elementary: PublicWestminster Public School
Elementary: PublicÉcole secondaire catholique Académie catholique Ange-Gabriel
Secondary: CatholicAthens District High School
Secondary: PublicSouth Grenville District High School
Secondary: PublicBrockville Collegiate Institute
Secondary: PublicSt Mary's High School
Secondary: CatholicThousand Islands Secondary School
Secondary: Public
