Excellent investment opportunity in the heart of downtown Brockville, just steps from the St. Lawrence River. Ideally positioned on a prominent corner lot along King Street, Brockville's primary downtown commercial corridor, this property offers exceptional visibility and convenient access to Highway 401. This well-maintained two-storey steel and brick building comprises approximately 8,995 square feet and features a fully leased mixed-use configuration with two commercial tenants and four residential units. The ground floor offers approximately 4,825 square feet of retail space leased to two well-established tenants, while the second floor (known as 30 Bethune Street) features four spacious 2 bedroom, 1 bathroom apartments, each with a private balcony overlooking King Street. All units benefit from dedicated heating and cooling systems and are separately metered for gas and hydro. Additional highlights include in-building laundry for tenant convenience and supplemental income, as well as a large on-site parking lot with 16 spaces. The building has been well maintained with numerous capital improvements completed, offering a turn-key investment opportunity. Significant value-add potential exists through future rent increases upon tenant turnover, presenting investors with current and future stable cash flow along with long-term upside. Don't wait -- this is a a great addition to any investment portfolio. Contact LA for rent-roll/financial information etc. Seller will consider a VTB. (id:4069)
Address
52-58 KING STREET E
List Price
$1,590,000
Property Type
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
Brockville
Bathrooms
8
Floor Area
8,995 Sq. Ft.
Lot Size
80 x 154 FT Sq. Ft.
MLS® Number
X12908216
Listing Brokerage
ROYAL LEPAGE TEAM REALTY
Postal Code
K6V1B1
Zoning
C2-X2-1
