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Investment signal

$3,500,000

50 CENTRAL AVENUE W

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Beds

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Baths

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Sqft

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Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Brockville. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: 810 - Brockville
Living area: 26,932 square feet
Lot dimensions: 210 x 145 FT
On market: Apr 14, 2026
Status changed: Apr 24, 2026
Annual tax: $52,474 (2025)
Zoning: R5
Photos: 15
MLS#: X12996878
Area: BROCKVILLE

Features and systems

Heating

Forced airNatural gas

Cooling

None

Negative cash flow ~$3,621/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.21%

Cap rate

3.62%

GRM

16.7

Break-even rent

$21,312

Financing

Down payment$700,000

Loan amount$2,800,000

Mortgage$14,187/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,604

Insurance$80

Maintenance$2,917

CapEx reserve$1,458

Vacancy loss$875

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $14,187/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.