$1,150,000
Available - For Sale
Listing ID: X9515324
73 KING St West , Brockville, K6V 3R1, Ontario
| 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 |
| Price | $1,150,000 |
| Taxes: | $10906.00 |
| Occupancy by: | Tenant |
| Address: | 73 KING St West , Brockville, K6V 3R1, Ontario |
| Postal Code: | K6V 3R1 |
| Province/State: | Ontario |
| Legal Description: | LT 31 BLK 29 PL 67; BROCKVILLE |
| Lot Size: | 39.99 x 111.50 (Feet) |
| Directions/Cross Streets: | 73 KING ST W, CORNER OF ST ANDREW & KING ST W BROCKVILLE |
| Category: | Apartment |
| Insurance Expense: | $7350 |
| Water Expense: | $0 |
| Gross Income/Sales: | $118841 |
| Operating Expenses: | $43647 |
| Net Income Before Debt: | $75194 |
| Heat Type: | Water |
| Central Air Conditioning: | Central Air |
| Sewers: | Sewers |
| Water: | Municipal |
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Years
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| RE/MAX HALLMARK REALTY GROUP |
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|
Simon Huang
Broker
Bus:
905-241-2222
Fax:
905-241-3333
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At a Glance:
| Type: | Com - Investment |
| Area: | Leeds & Grenville |
| Municipality: | Brockville |
| Neighbourhood: | 810 - Brockville |
| Lot Size: | 39.99 x 111.50(Feet) |
| Tax: | $10,906 |
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