161 King Street, Brockville, ON

Description

If you're in the market for an investment property in the heart of downtown Brockville, 161 King Street West presents a rare opportunity with significant income and value-add potential. This unique mixed-use building fronts on King Street West while extending along Kincaid Street, offering excellent visibility and flexibility for future redevelopment.The King Street commercial storefront is occupied by a long-established business, providing an existing income stream. Above the retail space are two vacant floors, each containing a 2-bedroom apartment, allowing a new owner the opportunity to renovate, update, and establish market rents without existing tenancy concerns.Adding to the potential, the rear portions of both upper floors have already been gutted and framed, creating an opportunity for additional residential units, expanded living space, or other permitted uses, subject to municipal approvals. Much of the preliminary work has been completed, allowing the next owner to focus on bringing the project to completion.Along Kincaid Street, there is an additional commercial-retail unit at 26 Kincaid that is currently vacant, offering another opportunity to generate income. Above this space is 26A Kincaid, an occupied residential unit that contributes to the property's current revenue stream.With Brockville's growing demand for rental housing and continued investment in the downtown core, this property offers tremendous upside for investors, contractors, and developers seeking a project with multiple income sources and future growth potential. Whether your vision is to expand the residential component, enhance the commercial spaces, or maximize overall cash flow through strategic renovations, this property provides the foundation to do so.A rare opportunity to acquire a downtown mixed-use building with existing income, vacant units ready for improvement, and substantial potential for increased revenue and long-term appreciation.