50 Central Avenue West
Brockville, ON K6V4N7
$3,500,000
About this property
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:67282)
Property details
- MLS® number
- X12996878
- Property type
- Multi-Family
- Building style
- Multi-Family
- Lot size
- 210 x 145 FT
- Annual taxes
- $52,474
- Listed
- Apr 14, 2026
Highlights
- Heating: Forced air, Natural gas
- None
Location
Listed by eXp Realty. Information deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and REALTOR® are trademarks of The Canadian Real Estate Association (CREA). View this listing on REALTOR.ca