52-58 KING STREET E, Brockville, Ontario, K6V1B1

Property Description

Excellent investment opportunity in the heart of downtown Brockville, just steps from the St. Lawrence River. Ideally positioned on a prominentcorner lot along King Street, Brockville's primary downtown commercial corridor, this property offers exceptional visibility and convenient accessto Highway 401. This well-maintained two-storey steel and brick building comprises approximately 8,995 square feet and features a fully leasedmixed-use configuration with two commercial tenants and four residential units. The ground floor offers approximately 4,825 square feet ofretail space leased to two well-established tenants, while the second floor (known as 30 Bethune Street) features four spacious 2 bedroom, 1bathroom apartments, each with a private balcony overlooking King Street. All units benefit from dedicated heating and cooling systems and areseparately metered for gas and hydro. Additional highlights include in-building laundry for tenant convenience and supplemental income, as wellas a large on-site parking lot with 16 spaces. The building has been well maintained with numerous capital improvements completed, offering aturn-key investment opportunity. Significant value-add potential exists through future rent increases upon tenant turnover, presenting investorswith current and future stable cash flow along with long-term upside. Don't wait -- this is a a great addition to any investment portfolio. ContactLA for rent-roll/financial information etc. Seller will consider a VTB. (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: 8
• Living Area: 8,995 sq ft (835.7 m²)
• Frontage: 80 ft (24.4 m)

Costs

• Annual Taxes: $28,135.74

Listing Provided by: ROYAL LEPAGE TEAM REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.