73 King St E

For Sale 102 Days
$499,900
5 beds
3 baths

73 King St E

For Sale 102 Days
$499,900
5 beds
3 baths

Highlights

Key insights

Description

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 $41,280, 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 $525 (2024) 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:63267)

Heather Scullion of RE/MAX RISE EXECUTIVES,
#X12279531
updated 3 hours ago.
Houseful checked MLS® for data 3 hours ago.

Home overview

Amenities / Utilities
  • Heat type
    Other
  • Sewer/ septic
    Sanitary sewer
Exterior
  • # total stories
    2
  • # parking spaces
    2
Interior
  • # full baths
    3
  • # total bathrooms
    3.0
  • # of above grade bedrooms
    5
Location
  • Subdivision
    810 - brockville
Overview
  • Lot size (acres)
    0.0
  • Listing #
    X12279531
  • Property sub type
    Multi-family
  • Status
    Active
Rooms Information metric
  • Kitchen
    3.18m X 3.46m
    Level: 2nd
  • Living room
    4.22m X 3.93m
    Level: 2nd
  • Bathroom
    2.61m X 2.49m
    Level: 2nd
  • Bedroom
    3.15m X 4.51m
    Level: 2nd
  • 2nd bedroom
    3.13m X 2.65m
    Level: 2nd
  • Other
    1.89m X 3.45m
    Level: 3rd
  • Bathroom
    3.48m X 4.86m
    Level: 3rd
  • Loft
    3.59m X 6.67m
    Level: 3rd
  • Kitchen
    5.45m X 3.95m
    Level: Basement
  • Living room
    3.85m X 3.53m
    Level: Basement
  • Bedroom
    3.52m X 2.89m
    Level: Basement
  • Kitchen
    2.71m X 2.26m
    Level: Main
  • Living room
    3.61m X 3.61m
    Level: Main
  • Bathroom
    2.23m X 2.41m
    Level: Main
  • Bedroom
    3.14m X 2.73m
    Level: Main
  • Dining room
    1.85m X 3.95m
    Level: Main
  • 2nd bedroom
    4.55m X 3.44m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28594103/73-king-street-e-brockville-810-brockville
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,333

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25 Years fixed, 20% down payment, % interest
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