50 Central Ave W

About this Property

Rare chance to acquire a 24-unit Brockville multifamily asset offering immediate scale, stable in-place cash flow, and exceptional long-term upside at a 5.0% cap rate. The property features minimal landlord utility exposure with 24 hydro meters and 24 water meters, with nearly all tenants paying their own utilities. Major capital work has already been completed, including the 2022 roof, updated boiler system with new controls, backup boiler, and renovated suites with in-suite laundry. The true story here is the remarkable 61.6% gap-to-market rents, creating a clear path to substantial NOI growth and long-term equity appreciation in a strong Brockville location just off Highway 401. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer.

Listing Details

MLS #

X14158436

Board

PROPTX

Market

ontario

Property Type

Investment

Style

Apartment

Garage

None

Heating

Gas Forced Air Closd

Cooling

N

Lot Size

210 × 145 ft

Annual Taxes

$52,474/yr

Listed By

EXP REALTY

Listed On

November 6, 2026

Features & Extras