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Listed by Kayla Smith • RE/MAX Escarpment Realty Inc.
$ 1,625,000
Est. payment | /mo
5,678 SqFt
$ 1,625,000
Est. payment | /mo
5,678 SqFt
Key Details
Property Type Commercial
Sub Type Mixed,Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 5,678 sqft
Price per Sqft $286
MLS Listing ID 40825868
Abv Grd Liv Area 5,678
Annual Tax Amount $12,390
Property Sub-Type Mixed,Building Only
Source Cornerstone
Property Description
Cento Capital Presents the King West Lofts at a 7% Cap - Turnkey mixed-use investment opportunity in the heart of Brockville at 94 King St W. This well-maintained asset features 8 total units including 5 residential and 3 commercial, generating a strong net operating income of $113,962.66. Seller may be open to a VTB / Seller Financing. Experienced property management and trusted contractor team in place, offering seamless continuity and added value for the new owner. The property benefits from recent capital improvements two completely new units to the studs, one renovated unit, updated rear siding, newer windows in rear units, reducing near-term expenses. All five residential units include in-suite laundry, supporting tenant retention and rental growth. The commercial component is anchored by established tenants including one occupant of over 50 years, providing exceptional income stability. Additional value includes 5 on-site parking spaces in a desirable downtown location. Ideal for investors seeking consistent cash flow, reliable tenancy, and a proven income-producing asset. Tenants pay own Hydro. Landlord pays water. No Gas.
Location
Province ON
County Leeds And Grenville
Area Brockville
Zoning MD
Direction Between Buell St. and Court House Ave.
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 50.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Public Transit
Faces Between Buell St. and Court House Ave.
Story 3
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 441650246
Ownership Freehold/None
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Chris Adams
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