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$ 7,499,000
Est. payment | /mo
$ 7,499,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Pending
Purchase Type For Sale
MLS Listing ID X10411232
Annual Tax Amount $90,000
Tax Year 2023
Property Description
Welcome to Luxury Living at the Iconic Hotel Rideau in the heart of Smiths Falls. This historic building has been completely restored from top to bottom, keeping the old world charm of the 1901 piece of history while offering all of the elegance of modern luxury. A solid asset (CAP rate 5.94%!) that's been fully renovated & is a turn key investment. Operated as a hotel in the past & can easily be converted back to a hotel. Amenities include keyless entry, fitness room, meeting room, laundry & BBQ area, 35 outdoor parking spaces, storage lockers. Comprised of 3 commercial units, 25 residential units boasts soaring 10' ceilings, large crown mouldings, quartz counters in the kitchen & bathroom, pot lights, open concept floor plan & oversized windows. Not a detail has been overlooked w/the high end finishes. Reminiscent of days gone by, a perfect balance has been struck between the heritage feel of the building & modern comforts, right down to the common areas.
Location
State ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Zoning Commericial
Region 901 - Smiths Falls
City Region 901 - Smiths Falls
Rooms
Family Room No
Interior
Cooling Unknown
Exterior
Pool None
Utilities Available Unknown
Roof Type Unknown
Lot Frontage 60.0
Lot Depth 126.23
Others
Security Features Unknown
Pets Allowed Unknown
Listed by EXP REALTY