1115 Millwood Av - Apartments FOR SALE


Brockville, ON K6V 0E6
$2,250,000 CAD
613-223-6624

NO PHOTO

$2,250,000 CAD
Apartments - FOR SALE
null | 5.33% Cap Rate

1115 Millwood Av
Brockville, ON K6V 0E6


HIGHLIGHTS

  • Modern 4-unit townhouse development built in 2020 with high-end finishes throughout
  • Fully rented to senior tenants seeking a maintenance-free lifestyle in a peaceful setting.
  • Generates approximately $120,000 in net annual income before debt servicing.
  • Conveniently located near the 1000 Islands Mall with an assumable $1.5M mortgage.

OVERVIEW

modern, 3-year-old, high-end 4-unit townhouse development situated in a serene Creekside setting, just a short walk from the 1000 Islands Mall. Each unit is rented to long-term senior tenants, all former homeowners seeking a low-maintenance, quality rental lifestyle. With monthly rents ranging from $3,250 to $3,500, the property generates an impressive net income of approximately $120,000 per year (before debt servicing). An assumable $1.5M mortgage is in place, offering flexibility for qualified buyers. This is a rare chance to own a stable, low-maintenance asset with strong cash flow and excellent tenant profile.

FOR SALE DETAILS

PRICE

$2,250,000 CAD

PRICE/SF

$286 CAD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

5.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

20

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rob ThompsonHomelife/DLK Realty LtdMore Info
613-223-6624

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Rob ThompsonHomelife/DLK Realty LtdMore Info
613-223-6624

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.