73 King Street E

Nestled in the vibrant heart of downtown Brockville, this exceptional Multi-Family Home for sale in Brockville , located at 73 King Street E E, Brockville, presents a remarkable investment opportunity. This fully tenanted multiplex, boasting a building style of 2 1/2 storeys, is an ideal choice for discerning investors looking to capitalise on the thriving rental market in the area. With its prime location, tenants enjoy convenient access to a plethora of amenities, including restaurants, shopping, parks, and cafes, all within a leisurely stroll, making this property highly desirable and ensuring strong tenant retention.

The property, which has been meticulously maintained and updated over the past 11 years, comprises a total of 10 rooms, including four spacious bedrooms and a den, along with three well-appointed bathrooms. The Multi-Family Home for sale in Brockville features two fully equipped kitchens, allowing for seamless meal preparation and catering to the needs of its tenants. Each unit is designed with comfort in mind, offering a living room, kitchen, eating area, bathroom, and in-unit laundry facilities. The layout is not only functional but also enhances the overall living experience, making it an attractive option for prospective renters.

The current configuration includes two generous 2-bedroom units and a 1-bedroom plus den walk-out basement apartment, collectively generating a steady annual rental income of £42,000. Tenants are responsible for their hydro utilities, ensuring that the landlord maintains a manageable financial commitment. The property also features a 438-square-foot loft above Unit 3, which is currently utilised for storage. This loft is equipped with a kitchenette and a bathroom, with plumbing ready for connection, offering significant potential for additional living space or even extra rental income, further enhancing the investment appeal of this Multi-Family Home for sale in Brockville.

Significant upgrades have been made throughout the property, including the installation of drywall and insulation in all units, new interior doors, and copper wiring with three electrical panels. The plumbing has been modernised, and the flooring, bathrooms, and kitchens have all received thoughtful updates. Additionally, many windows have been replaced, contributing to the overall aesthetic appeal and functionality of the triplex. The property is heated by a radiant system, ensuring warmth and comfort during the colder months, while the municipal water and sewer services provide reliable utilities for all tenants.

At 73 King Street E E, Brockville, the landlord covers essential expenses such as gas, water, and sewer, amounting to £4,880 annually, along with insurance costs of £4,042 and property taxes of £3,787. This financial structure allows for a clear understanding of the ongoing costs associated with the property, making it an attractive option for investors seeking stability and transparency.

Parking is a valuable asset in this bustling downtown location, with two outdoor parking spots included for tenants. The landlord also pays £400 annually for an additional parking space, ensuring that residents have convenient access to their vehicles. The absence of a garage does not detract from the overall appeal of this Multi-Family Home for sale in Brockville, as the private driveway offers ample space for parking.

This well-maintained triplex, with its modern upgrades and prime downtown location at 73 King Street E E, Brockville, is a compelling opportunity for investors seeking stable rental income and long-term value. With the community of Brockville continuing to thrive, this property stands as a testament to the potential for growth and profitability in the rental market. Don’t miss your chance to invest in this outstanding Multi-Family Home for sale in Brockville, where the combination of location, functionality, and tenant appeal creates an unparalleled investment opportunity.

Community 810 in Brockville is a charming and picturesque area that beautifully encapsulates the essence of this historic city. Nestled along the banks of the St. Lawrence River, it boasts stunning waterfront views and a vibrant natural landscape, making it an ideal spot for outdoor enthusiasts. The community is characterised by its friendly atmosphere, with a mix of residential homes, local shops, and amenities that cater to everyday needs. Residents enjoy a strong sense of belonging, enhanced by the area's rich history and cultural heritage. With easy access to parks, recreational facilities, and the quaint downtown area, Community 810 offers a delightful blend of tranquillity and convenience, making it a perfect place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable educational institutions, making it an ideal choice for families. Within just 0.5 km, you'll find Brockville Collegiate Institute, a public secondary school catering to grades 7 to 12, which boasts a commendable school rating of 6.9. For younger children, Commonwealth Public School and St. Francis Xavier Catholic School are both situated approximately 0.8 km away. Commonwealth Public School, part of the Upper Canada District School Board, offers a French-language curriculum for grades JK to 6, with a school rating of 3.2. In contrast, St. Francis Xavier Catholic School, under the Catholic District School Board of Eastern Ontario, also provides a French-language program for the same grade levels and has a higher rating of 4.6. The proximity of these schools, along with their diverse educational offerings in both public and Catholic systems, ensures that families will have access to quality education right at their doorstep. This makes the property not only a comfortable living space but also a strategic investment in your children's future.