Business For Sale · Multifamily

61 PEARL STREET E, Brockville

61 PEARL STREET E, Brockville, ON K6V1P6

$1.2M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 61 PEARL STREET E, Brockville.

NDA required
  • 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.