73 KING STREET E Active Save Request In-Person Tour Request Virtual Tour
Brockville,ON K6V1B2
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $333
Subdivision 810 - Brockville
MLS Listing ID X12279531
Bedrooms 5
Source Rideau - St. Lawrence Real Estate Board
Property Description
Located in the heart of vibrant downtown Brockville, this fully tenanted triplex presents an excellent investment opportunity. Its prime location offers tenants easy access to restaurants, shopping, parks, and cafes, all within walking distance, making it highly desirable and supporting strong tenant retention. The property has undergone extensive updates over the past 11 years, ensuring modern functionality and tenant comfort while minimizing immediate maintenance costs. The triplex consists of two spacious 2-bedroom units and a 1-bedroom plus den walk-out basement apartment, generating a steady annual rental income of $42,000, with tenants responsible for hydro utilities. Each unit is well-equipped with a living room, kitchen, eating area, bathroom, and in-unit laundry. Additionally, a 438-square-foot loft above Unit 3, currently used for storage, features a kitchenette and bathroom with plumbing ready for connection, offering potential for additional living space or rental income. Significant upgrades to the property include drywall and insulation in all units, interior doors, copper wiring with three electrical panels, updated plumbing, modernized flooring, bathrooms, kitchens, shingles, and many windows. These improvements enhance both the aesthetic appeal and functionality of the triplex. The landlord covers gas, water, and sewer ($4,880 annually), insurance ($4,042 annually), and property taxes ($3,787 annually). Two outdoor parking spots are included, with the landlord paying $400 annually for one additional parking spot. This well-maintained triplex, with its modern upgrades and prime downtown location, offers a compelling opportunity for investors seeking stable rental income and long-term value. (id:24570)
Location
State ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 2.61 m X 2.49 m Bathroom
Extra Room 2 Second level 4.22 m X 3.93 m Living room
Extra Room 3 Second level 3.18 m X 3.46 m Kitchen
Extra Room 4 Second level 3.15 m X 4.51 m Bedroom
Extra Room 5 Second level 3.13 m X 2.65 m Bedroom 2
Extra Room 6 Third level 3.59 m X 6.67 m Loft
Interior
Heating Radiant heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Others
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