50 Central Avenue W Brockville, Ontario K6V 4N7
$3,500,000
Rare chance to acquire a 24-unit Brockville multifamily asset offering immediate scale, stable in-place cash flow, and exceptional long-term upside at a 5.0% cap rate. The property features minimal landlord utility exposure with 24 hydro meters and 24 water meters, with nearly all tenants paying their own utilities. Major capital work has already been completed, including the 2022 roof, updated boiler system with new controls, backup boiler, and renovated suites with in-suite laundry. The true story here is the remarkable 61.6% gap-to-market rents, creating a clear path to substantial NOI growth and long-term equity appreciation in a strong Brockville location just off Highway 401. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer. (id:37072)
Property Details
| MLS® Number | X12996878 |
| Property Type | Multi-family |
| Community Name | 810 - Brockville |
Building
| CoolingType | None |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 26932 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 145 Ft |
| SizeFrontage | 210 Ft |
| SizeIrregular | 210 X 145 Ft |
| SizeTotalText | 210 X 145 Ft |
| ZoningDescription | R5 |
https://www.realtor.ca/real-estate/29602568/50-central-avenue-w-brockville-810-brockville
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Justin Salazar
Salesperson
424 Catherine St Unit 200
Ottawa, Ontario K1R 5T8
Jack Anbara
Salesperson
424 Catherine St Unit 200
Ottawa, Ontario K1R 5T8
Andrew Odoardi
Salesperson
7- 871 Victoria St N Unit 355a
Kitchener, Ontario N2B 3S4
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April 14 2026 06:05:04
Ottawa Real Estate Board
Exp Realty