Located in the heart of vibrant downtown Brockville, this fully tenanted triplex presents an excellent investment opportunity. Its prime location offers tenants easy access to restaurants, shopping, parks, and cafes, all within walking distance, making it highly desirable and supporting strong tenant retention. The property has undergone extensive updates over the past 11 years, ensuring modern functionality and tenant comfort while minimizing immediate maintenance costs. The triplex consists of two spacious 2-bedroom units and a 1-bedroom plus den walk-out basement apartment, generating a steady annual rental income of $42,000, with tenants responsible for hydro utilities. Each unit is well-equipped with a living room, kitchen, eating area, bathroom, and in-unit laundry. Additionally, a 438-square-foot loft above Unit 3, currently used for storage, features a kitchenette and bathroom with plumbing ready for connection, offering potential for additional living space or rental income. Significant upgrades to the property include drywall and insulation in all units, interior doors, copper wiring with three electrical panels, updated plumbing, modernized flooring, bathrooms, kitchens, shingles, and many windows. These improvements enhance both the aesthetic appeal and functionality of the triplex. The landlord covers gas, water, and sewer ($4,880 annually), insurance ($4,042 annually), and property taxes ($3,787 annually). Two outdoor parking spots are included, with the landlord paying $400 annually for one additional parking spot. This well-maintained triplex, with its modern upgrades and prime downtown location, offers a compelling opportunity for investors seeking stable rental income and long-term value. (id:4069)
Address
73 KING STREET E
List Price
$499,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
sale
Area
Ontario
Sub-Area
Brockville
Bedrooms
5
Bathrooms
3
Floor Area
15,002,000 Sq. Ft.
Lot Size
22 x 100 FT Sq. Ft.
MLS® Number
X12279531
Listing Brokerage
RE/MAX RISE EXECUTIVES
Basement Area
N/A
Postal Code
K6V1B2
Zoning
R3 General Residential
Features
Irregular lot size
Amenities
Separate Electricity Meters
