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.
Address
50 Central Avenue W
List Price
$3,500,000
MLS® Status
New
Expiration Date
2026-10-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Brockville
Sub-Area
810 - Brockville
Region
Leeds and Grenville
Lot Size Source
MPAC
Lot Depth
145
Lot Type
Lot
Lot Size Units
Feet
Lot Width
210
Parcel Number
441760190
Total Building Area
26932
Occupant Type
Tenant
Cross Street
Stewart Blvd / Central Ave W
MLS® Number
X12996878
Listing Brokerage
EXP REALTY
Postal Code
K6V 4N7
Posession Details
TBD
Tax Amount
$52,474.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
No
Garage Type
None
