Who’s looking for a profitable property?
We’re partnering with another wholesaler to bring you a recently updated rental or live/work special!!
This tenanted, detached mixed-use building in Brockville is just $299,900 OBO—that’s $100K+ below its recent $430K appraisal (Dec 2023)!!! Located only 500m from downtown and under 1km to the waterfront, this property offers incredible upside in a highly desirable pocket. With tenants already in place and reliable income rolling in, you can step straight into ownership without a heavy lift. Steps from the local Catholic elementary school and surrounded by amenities, the value is only going to go up and this is your chance to increase the rental profit for less than the appraised value!! Commercial zoning gives you the option to avoid rent control on the main floor- the sky is the limit!
How can you profit?
1) Buy & Hold: Collect rent immediately with existing tenants ($2,200/month combined). Upper tenant since 2019, lower since 2021—stable and reliable. Cover some expenses as you make a plan for next steps and increases.
2) Issue Notice or Raise Rents: Upper lease is well below market—opportunity to increase on turnover or offer a cash-for-keys solution. Lower commercial lease gives added flexibility for increases and commercial rental fees (no rent control!).
3) Future Appreciation: Purchase below appraised value- with downtown and waterfront growth, long-term equity is strong.
4) Househack and Live/Work: Negotiate cash for keys with one tenant (after assuming them on closing), keep the other for income and create your own live/work dream space. Watch your mortgage get paid while you focus on your business!
SUMMARY:
– LOCATION: Brockville, ON (Church St & Buell St)
– PURCHASE PRICE: $299,900 Or Best Offer
– AFTER REPAIR VALUE: $500,000+ (at market rents)
– CLOSING: October 17, 2025 (This is an assignment sale.)
– TYPE: Detached (Commercial / Mixed-Use)
– BEDS/BATHS: 2 beds/2 baths (1 bed upper unit, 1 bed lower unit)
– PARKING: 2 parking spaces
– BASEMENT: None
– SQFT: 1,808
– LOT: 51’ x 47’
– PROPERTY TAX: $4,162.68 (2024)
– POSSESSION: Tenanted
RENOVATIONS NEEDED:
– Fully tenanted—no renos required at purchase.
– Some junk and furniture removal.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Appraised at $430K in December 2023
– Reliable tenants with proven payment history
– Commercial lower unit allows for rent flexibility and limitless live/work potential after cash for keys
– Steps to schools, downtown and under 1km to the waterfront
– Laundry in both units
– Seller paid $405K in 2022 and added improvements- benefit from their work!!
LISTING ID: 0925-BRO-F01
Please let us know if you want to view it or if you want the info package. (Comparable solds, MPAC info, and more…)
Thank you,
Aaron Moore, Tomomi Wang, Josea Dussard & Sarah Budden
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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PS. Email us today for your info package. Who wants to make money on this one?