52-58 KING STREET E, Brockville, Ontario, K6V1B1
MLS: X12908216 | Retail
$1,685,000
Property Description
Excellent investment opportunity in the heart of downtown Brockville, just steps from the St. Lawrence River. Ideally positioned on a prominent corner lot along King Street, Brockville's primary downtown commercial corridor, this property offers exceptional visibility and convenient access to Highway 401. This well-maintained two-storey steel and brick building comprises approximately 8,995 square feet and features a fully leased mixed-use configuration with two commercial tenants and four residential units. The ground floor offers approximately 4,825 square feet of retail space leased to two well-established tenants, while the second floor (known as 30 Bethune Street) features four spacious 2 bedroom, 1 bathroom apartments, each with a private balcony overlooking King Street. All units benefit from dedicated heating and cooling systems and are separately metered for gas and hydro. Additional highlights include in-building laundry for tenant convenience and supplemental income, as well as a large on-site parking lot with 16 spaces. The building has been well maintained with numerous capital improvements completed, offering a turn-key investment opportunity. Significant value-add potential exists through future rent increases upon tenant turnover, presenting investors with current and future stable cash flow along with long-term upside. Don't wait -- this is a a great addition to any investment portfolio. Contact LA for rent-roll/financial information etc. Seller will consider a VTB. (id:64974)
Quick Facts
- Property Type: Retail
- 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®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Fully air conditioned
- Appliances: Water Heater
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 80 ft (24.4 m)
- Zoning: C2-X2-1
Community & Neighbourhood
- Neighbourhood: 810 - Brockville
Listing Information
Listing History
MLS listing activity for 52-58 KING STREET E, Brockville, Ontario, K6V1B1 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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52-58 KING STREET E, Brockville, Ontario, K6V1B1