Business For Sale · Multifamily

64 KING STREET E, Brockville

64 KING STREET E, Brockville, ON K6V1B3

$659,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

98%

About this property

Unlimited Opportunities: Investment Property Overview - The Opportunity-This is an investment with limitless potential-operate a restaurant, repurpose for professional offices, or maintain a hybrid use that maximizes all available revenue channels. This unique multi-use property presents exceptional potential for both investors and entrepreneurs. Featuring three income-generating apartment rentals, a versatile commercial restaurant or office space, and ample on-site parking, this property offers multiple revenue streams and outstanding flexibility. Once home to professional offices before becoming a restaurant, the space can easily be adapted to suit a variety of business models. Key Features-Apartment Rentals. Three separate residential units, each with well-designed layouts. Strong potential for steady income from long-term tenants or short-term leases (currently $3150.00 per month). Opportunity to renovate or modernize for increased rental value. Restaurant or Office Space-commercial space currently configured as a restaurant. Offers both indoor dining and a large outdoor patio. Can be reconverted to office space or adapted for other commercial uses. Ample on-site parking for tenants, customers, and employees. A convenient layout ensures accessibility and a positive visitor experience. Diverse Income Streams-Income potential from apartment rentals, restaurant operations, and parking (if monetized). A balanced portfolio opportunity for investors seeking stability and growth. The commercial portion supports multiple service models: full-service dining, takeout, catering, or office conversion. Well-designed layout with several distinct dining areas: Sunroom: seats up to 29 guests, perfect for casual meals or private gatherings. Heritage Dining Room: Warm, classic ambiance with seating for 45 guests, ideal for fine dining or special events. Patio: Expansive outdoor area accommodating 73 guests. . Capitalize dynamic on high-visibility location. (id:66811)

Financial sandbox

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Estimate
Purchase price$660K
Down payment30% · $198K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$24K

Annual cash flow

$-12K

Cash-on-cash

-6.17%

DSCR

0.67

Going-in cap

3.69%

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

144,597

Households

59,819

Median income

$92,500

Median age

43

Daytime population

194,874

5-yr growth

3.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 64 KING 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.