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$1.2M total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
84%
CHECK OUT THE 3D UNDER MEDIA IN REALTOR.CA,,,,,Now is the time to take that step into the investment world with this income-generating 6-plex, complete with a separate house on the property. The house offers a great opportunity to live on-site while collecting rent from the six units. If the house becomes vacant, it also has strong potential as a short-term rental, adding another stream of income. The charming house features a fenced yard with plenty of room to create your own outdoor oasis. There's real potential here, whether for personal use or added rental appeal. The 6-plex offers a solid mix of unit types, including two-bedroom, one-bedroom, and one-bedroom-plus-den layouts, making it attractive to a wide range of tenants. Location is a standout. With a park across the street and the hospital, schools, shopping, waterfront, and public transit all within walking distance, this is a highly desirable area for both living and renting. Each unit includes one parking space, a valuable feature for tenants. Major updates have already been completed, including the roof and gas hot water boiler in recent years. A strong investment opportunity in a location that continues to draw quality tenants, with added flexibility and future income potential. $122,717.52- $32,972.74 = $89,744.78 divided by 12 = $7478.75 per month. UPDATES-Boiler - 2024, Forced air gas furnace: 2025, Roof - 2023, hot water heaters-2026 for the most recent HWT. There are 2 hydro meters, 1 gas and water meter. PLEASE ALLOW 24+ HOURS FOR ALL SHOWINGS. (id:66811)
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Monthly debt service
$6K
Projected NOI
$48K
Annual cash flow
$-18K
Cash-on-cash
-5.12%
DSCR
0.72
Going-in cap
4.01%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
140,005
Households
56,258
Median income
$109,500
Median age
33.8
Daytime population
167,418
5-yr growth
5.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 61 PEARL STREET E, Brockville.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.