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$565,000
Brockville
342 KING Street West, Brockville, Ontario, K6V3S3
This multi-family property in Brockville is for sale offering roughly 3,250 sq ft of space.
Ideally situated within walking distance to shopping, parks, and all downtown Brockville amenities, this solid investment property features three 2-bedroom units and one 1-bedroom unit, all occupied by long-term tenants. Numerous updates have been completed over the years, including a new hot water boiler system(February 2021), roof shingles and steel (2019), and windows (approximately 14 years old). Additional improvements include spray-foamed basement plumbing, four owned hot water tanks(three of which are newer), updated kitchens in three units, and some bathroom renovations. The property offers parking for 4-5 vehicles and features a mix of vinyl and laminate flooring throughout. An excellent opportunity for investors looking to own a centrally located, income-generating property in a strong rental market. Brockville is a charming waterfront city along the St. Lawrence River in Eastern Ontario, often called the City of the 1000 Islands. It blends historic character with a relaxed lifestyle and strong appeal for both residents and investors.Schedule your private viewing today. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 168 days on market, against an average age of 80 days across the listings currently for sale in this city
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.
This 7-bed multi-family in Brockville is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $565,000, about 8.2× the local median household income of $68,500.
Carrying it typically needs a household income of about $110,364 (20% down, 25-yr amortization, stress-tested) — roughly 61% above the area median.
Source: Statistics Canada, 2021 Census (FSA K6V)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice