$1,399,000

For sale

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2-4 Court House Avenue, Brockville - Multi-family for Sale

2-4 Court House Avenue, Brockville, Ontario, K6V4T1

18,220 ft²Listed 282 days ago

Overview

This multi-family property in Brockville is for sale offering roughly 18,220 sq ft of space.

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Investment analysis

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$1,399,000

Brockville

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Description

Incredible Opportunity to develop an iconic landmark in downtown Brockville. MD Zoning allows for a variety of purposes including both Office and Residential. Seller may consider a new first mortgage to qualified Buyer! (id:66096)

Property Details

MLS®: X12731538
Property Type: Multi-family
Zoning: MD
Interior Size: 18,220 ft²
Frontage: 117 ft
Building Area: 18,220 ft²
Heating: Radiator
Cooling: None
Property Tax: $36,408.75/yr
Listed: 282 days ago

Features

Lot Features: Irregular lot size

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

282d

Brockville listings, avg age

80d

Price / ft²

$77

List price

$1.40M

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

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Listed by GENTRY REAL ESTATE SERVICES LIMITED · Frederick Crouch

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6V)

This home lists at $1,399,000, about 20.4× the local median household income of $68,500.

Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 299% above the area median.

Median household income: $68,500
Population: 28,174
Median age: 52
Owner / renter: 64% / 37%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K6V)

$1,399,000· $77/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,900.00

Min 8.21%50%

Mortgage payment$7,119/mo

↳ CMHC premium ($51,364 capitalized)

Property tax (est.)$3,034/mo

Total monthly$10,153

Cash Needed to Close

Down payment (8.21%)$114,900

Land transfer tax$24,455

Est. closing costs$6,697

Total cash needed$146,052

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