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388 King Street W Brockville, Ontario K6V 3S6

Other

$1,194,900

Rare Investment opportunity! This spectacular Victorian style 10-unit residential apartment building is a proven money maker. Located in the west end of Brockville, this desirable location is close to shopping, parks, golf course and the St Lawrence River. The building has been meticulously maintained with 100% occupancy for the past 4 years. Updates include roof Dec 2020, unit 5 bathroom 2021, unit 6 bathroom & kitchen 2018, unit 7 bathroom 2018, unit 2 and 4 completely gutted and renovated in 2017. The property generates $111,039.16 in income with expenses of $38,180 for a net income of $72,859.16. This all brick home comes with a large 76 frontage X 341 deep lot with an exterior garage / workshop and parking for tenants. Rent includes utilities + additional charge to tenants in summer months for window air conditioners. Seller requires 48 hours irrevocable on all offers. Showings will be allowed when an accepted offer is in place. (id:29438)

Property Details

MLS® Number 1234090
Property Type Multi-family
Neigbourhood Downtown King Street West
Parking Space Total 10

Building

Constructed Date 1870
Exterior Finish Brick
Fireplace Present No
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Other
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 341 Ft
Size Frontage 76 Ft
Size Irregular 75.98 Ft X 341 Ft (irregular Lot)
Size Total Text 75.98 Ft X 341 Ft (irregular Lot)
Zoning Description R3 General Residenti

https://www.realtor.ca/real-estate/23006013/388-king-street-w-brockville-downtown-king-street-west

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