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Home ON Greater Brockville Elizabethtown-Kitley
20 MAIN STREET W
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20 MAIN STREET W $950,000
11 hours ago
$950,000
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20 MAIN STREET W
Elizabethtown-Kitley, Ontario K0E1M0

MLS® Number: X11899765

Listing Description

Exceptional Fourplex Investment Opportunity with a Strong 7% Cap Rate at Entry!Located just outside of Brockville, this recently renovated 4-unit property presents an excellent investment opportunity. Two units are currently leased at market rent, while the other two are vacant and ready for immediate leasing. The unit mix includes two spacious three-bedroom units and two large two-bedroom units, split between upper and lower levels.Each unit has been thoughtfully renovated, featuring new flooring, modern kitchens, updated bathrooms, and fresh touch-ups throughout. Significant capital improvements have been made, including brand-new windows, upgraded baseboard electric heating systems, and new siding being installed on the rear of the building this spring. Additionally, two decks and fire escapes have been replaced, and the property boasts a durable 10-year-old metal roof.With an estimated 6-7% cash-on-cash return in the first year, this property offers a fantastic opportunity for both owner-operators looking to reduce living costs and investors seeking a turnkey rental operation. Dont miss out on this prime investment opportunity! (39651784)

Location Description

Main St W / Pearl St

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
811 - Elizabethtown Kitley (Old Kitley) Twp
Annual Property Taxes
$1,890
Time on REALTOR.ca
11 hours

Building

Interior Features
Appliances Included
Refrigerator, Stove
Heating & Cooling
Heating Type
Baseboard heaters

Measurements

Square Footage
3000 sqft

Land

Other Property Information
Zoning Description
Multiplex
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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