137 GEORGE STREET

Multi-family For Sale in Brockville, Ontario

$10,999,000

Two - 3 storey multi-family properties in the city of 1000 islands. Built by a PREMIUM BUILDER with a successful portfolio. 48 rental apartments with 5 x one bedroom, 32 x two bedroom, & 11 x three bedroom units. Efficient hot water boiler system, spray foam insulation, ERV's (energy recovery ventilator) in each unit, & 40-year fiberglass shingles. 50 hydro meters (tenants pay in-unit hydro), ELEVATORS (2), 52 parking spots, incl. 19 underground, visitors and disabled. Each apartment will be equipped with a fridge, stove, & dishwashers. Great management team in place & existing contract can be assumed. Income generating Laundry facilities on each floor with card operated machines. Located in the old town Brockville a short distance to grocery stores, recreation, shopping, restaurants, shops,& the St Lawrence. Income & expenses are estimated as the building is not completed. Tax increases deferred 5 years from completion due to CIP Program, current property taxes are $7601.62 (2020). (id:4069)

Address 137 GEORGE STREET
List Price $10,999,000
Property Type Multi-family
Area Ontario
Sub-Area Brockville
Lot Size * ft X * ft Sq. Ft.
Year Built 2020
MLS® Number 1182516
Listing Brokerage CAPITAL HOMES REALTY INC.
Postal Code K6V7L4
Zoning Residential R8-3

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Wellington St Partners

Capital Homes Realty, Inc.

Office: Kate: (613) 852-7070

Toll Free: Steve: (613) 863-8794

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