73 King Street W, Brockville, Ontario K6V 3R1

Circa 1875 stone 8-unit in the heart of all the activities in historic downtown Brockville,one block from city centre on major thoroughfare, high visibility & heavy traffic area, consisting of five large 2 bedroom apts on the 2nd & 3rd floors & 3 leased street level retail units, close to many retail stores & restaurants, 2 blocks from the St. Lawrence River, free downtown parking, breaker panels, tenants pay hydro & water, 40 ft x 111.5 ft lot, since Jan. 2020 major repairs & renovations to the heating system (boilers, pipes, radiators),roof, building exterior & common areas, electrical. Complete renovations to 3 apts including appliances, floors, kitchen cabinets, baths, water heaters, lighting, painting, reconfiguration of floor plan in one apt, renovation of one commercial unit, including new floor, ceiling, paint, great upside potential in the rental income with 2 apts at $839 each, should be $1500. All commercial tenants paid thru lockdown, buy before values skyrocket,cash cow (id:27476)

This 8-unit property is a freehold ownership type and dates back to around 1875. It is situated in the bustling historic downtown area of Brockville, just one block away from the city center on a major thoroughfare, making it highly visible and in a heavy traffic area. The property consists of five spacious 2-bedroom apartments on the 2nd and 3rd floors, as well as three leased street-level retail units. It is conveniently located close to numerous retail stores and restaurants, and is just two blocks from the St. Lawrence River. Additionally, there is free downtown parking available for tenants. The property features breaker panels, with tenants responsible for paying hydro and water. The lot size is 40 ft x 111.5 ft, and since January 2020, there have been major repairs and renovations to the heating system, roof, building exterior, common areas, and electrical. Complete renovations have been carried out on three apartments, including appliances, floors, kitchen cabinets, baths, water heaters, lighting, and painting. One apartment has undergone a reconfiguration of the floor plan, and one commercial unit has been renovated with a new floor, ceiling, and paint. There is great potential for increased rental income, with two apartments currently renting at $839 each, but with the potential to reach $1500. All commercial tenants have continued to pay rent through the lockdown, making this property a lucrative investment opportunity.

The property is currently listed for sale and has a land size of 39.99 ft x 111.5 ft. It is located at 73 King Street W in the city of Brockville, Ontario, with a postal code of K6V3R1. The cooling type for the property is central air conditioning, and the building exterior is finished with stone and brick. The heating fuel used is natural gas, with hot water radiator heat. The property consists of 3 stories, offering ample space for the various units and commercial spaces within the building.