69 KING STREET E, Brockville, Ontario, K6V1B2

Property Description

Whether you're a seasoned investor, homeowner or new to the market, this is a fantastic opportunity to own a renovated turn-of-the century home that offers flexibility for future usage & present rental income of $4,000/mo with opportunity to increase future earnings-This all-brick nicely maintained 3000 sq ft legal conforming rooming house, features 6 individual rooms + 3 larger apts-Multiple possibilities if a new owner would like to change its use, however the great tenants would like to remain-Bsmt/lower level unit has its own bath & living, dining/kitchen area & is occupied by a long-term tenant-3rd flr features very private unit with own access staircase-Unit 1 was once a commercial space & has its own entrance from hall in bldg & a bonus street entrance-8 units share two common 3 pc baths-Many recent renovations, incl updated flooring in common areas-plumbing, electrical-new treads on main staircase. 5 units recently re-furbished, some areas freshly painted and new 4 camera wi-fi enabled security system so you can monitor the building from anywhere in the world! Building has passed City of Brockville Fire Inspection-Other updates incl: Newer shingles-windows app 2010-maintenance-free vinyl siding-soffit & fascia-breaker panels with copper wiring-natural gas furnace & nat gas hwt 2018-Large storage rm in bsmt can be easily converted to common recreation room or possibly expand lower level apt-Steel fire escape-Currently no residents of building use 2 rear parking spaces providing opportunity for add'l income if rented-Municipal 2 hr on-street parking-Tenants help pay utilities & have up-to-date signed leases (except 2)-Located in downtown core walking distance to mighty St. Lawrence & all amenities incl dntn shopping-restaurants-coffee shops including iconic Tait's bakery-city hall-Museum-Tall Ships-CIBC-grocery store & more-Municipal bus stop walking distance-Located in a beautiful area opposite a lovely church-Cash cow property produces a great return! (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 3
• Living Area: 2,185 sq ft (203.0 m²)
• Attached: Yes
• Lot Size: 0.0500 acres (0.02 ha)
• Frontage: 23 ft (7 m)

Costs

• Annual Taxes: $3,325.00

Listing Provided by: SOLID ROCK REALTY
Board: Rideau - St. Lawrence Real Estate Board
Data provided via CREA DDF®.