48-UNIT APARTMENT BUILDING IN BROCKVILLE​ $10,999,000.00

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OntarioSells
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Joined: February 15th, 2013, 3:54 pm

48-UNIT APARTMENT BUILDING IN BROCKVILLE​ $10,999,000.00

#1 Unread post by OntarioSells » August 1st, 2020, 8:03 pm

GO BIG OR GO HOME!

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Welcome to 137 George Street in Brockville, Ontario

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).

For More Photos and Details:

https://www.johnnyhunt.ca/ON/brockville ... RGE-STREET

PLEASE CONTACT ME FOR INVESTMENT DETAILS / SITE PLAN SKETCH / RENT ROLL

https://www.kijiji.ca/v-house-for-sale/ ... 1515596226

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