73 King Street E Brockville, Ontario K6V 1B2
$499,900
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 $42,000, 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, new 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 $400 annually 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:28469)
Property Details
| MLS® Number | X12279531 |
| Property Type | Multi-family |
| Community Name | 810 - Brockville |
| Features | Irregular Lot Size |
| Parking Space Total | 2 |
| Structure | Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Features | Walk Out |
| Basement Type | N/a |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Unknown |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 22 Ft |
| Size Irregular | 22 X 100 Ft |
| Size Total Text | 22 X 100 Ft |
| Zoning Description | R3 General Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2.61 m | 2.49 m | 2.61 m x 2.49 m |
| Second Level | Living Room | 4.22 m | 3.93 m | 4.22 m x 3.93 m |
| Second Level | Kitchen | 3.18 m | 3.46 m | 3.18 m x 3.46 m |
| Second Level | Bedroom | 3.15 m | 4.51 m | 3.15 m x 4.51 m |
| Second Level | Bedroom 2 | 3.13 m | 2.65 m | 3.13 m x 2.65 m |
| Third Level | Loft | 3.59 m | 6.67 m | 3.59 m x 6.67 m |
| Third Level | Other | 1.89 m | 3.45 m | 1.89 m x 3.45 m |
| Third Level | Bathroom | 3.48 m | 4.86 m | 3.48 m x 4.86 m |
| Basement | Living Room | 3.85 m | 3.53 m | 3.85 m x 3.53 m |
| Basement | Kitchen | 5.45 m | 3.95 m | 5.45 m x 3.95 m |
| Basement | Bedroom | 3.52 m | 2.89 m | 3.52 m x 2.89 m |
| Main Level | Living Room | 3.61 m | 3.61 m | 3.61 m x 3.61 m |
| Main Level | Dining Room | 1.85 m | 3.95 m | 1.85 m x 3.95 m |
| Main Level | Kitchen | 2.71 m | 2.26 m | 2.71 m x 2.26 m |
| Main Level | Bedroom | 3.14 m | 2.73 m | 3.14 m x 2.73 m |
| Main Level | Bedroom 2 | 4.55 m | 3.44 m | 4.55 m x 3.44 m |
| Main Level | Bathroom | 2.23 m | 2.41 m | 2.23 m x 2.41 m |
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July 11 2025 06:31:34
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