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1115 Millwood Av 4 Unit Apartment Building $1,627,486 USD ($406,872 USD/Unit) 5.33% Cap Rate Brockville, ON K6V 0E6
INVESTMENT HIGHLIGHTS
- Modern 4-unit townhouse development built in 2020 with high-end finishes throughout
- Generates approximately $120,000 in net annual income before debt servicing.
- Fully rented to senior tenants seeking a maintenance-free lifestyle in a peaceful setting.
- Conveniently located near the 1000 Islands Mall with an assumable $1.5M mortgage.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $1,627,486 USD | Apartment Style | Low-Rise |
| Price Per Unit | $406,872 USD | Building Class | B |
| Sale Type | Investment | Building Size | 7,876 SF |
| Cap Rate | 5.33% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Price | $1,627,486 USD |
| Price Per Unit | $406,872 USD |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 7,876 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 2.54/1,000 SF |
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Walk Score®
Very Walkable (72)
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1115 Millwood Av
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