50 Central Avenue W, Brockville
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:1945)
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Property details for 50 Central Avenue W, Brockville
- Type
- Multi-family
- Living Area
- 26,932 square feet
- Lot Size
- 210 x 145 FT
- Heating
- Forced air, Natural gas
- Cooling
- None
- Annual Taxes
- $52,474 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 50 Central Avenue W
Active Listings
117
Min Price
$114,900
Max Price
$7,960,000
Avg Price
$788,095
Days on Market
86
days
Sold Listings
40
Min Sold Price
$139,900
Max Sold Price
$1,690,000
Avg Sold Price
$576,071
Days until Sold
92
days
Neighbourhood Census Data
Brockville, Ontario
Population
590
Median Age
46.1
Median Income
$28,715
Dwelling Value
$179,681
Housing Tenure
Owners 70%
Renters 30%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 217.6/km²
Avg Shelter Cost: $1,054/mo
Owners with Mortgage: 58.3%
Owners Spending 30%+: 19.4%
Tenants Spending 30%+: 52.9%
English only: 86.4%
English and French: 13.6%
Median Household Income: $60,608
Median Employment Income: $25,344
Price History
Listed
April 14, 2026
by EXP REALTY
Current Price
$3,500,000
Type
Multi-family
For Sale
