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$ 1,200,000
Est. payment | /mo
6 Baths
0.3 Acres Lot
$ 1,200,000
Est. payment | /mo
6 Baths
0.3 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision 901 - Smiths Falls
MLS® Listing ID X13000028
Lot Size 0.300 Acres
Acres 0.3
Property Description
This fully tenanted 6-unit apartment building sits on a generously sized lot, backing directly onto the UNESCO World Heritage Site, the Rideau Canal-offering access to scenic walking trails and outdoor recreation. Located in a quiet, residential neighbourhood known for its charm and upscale character, the property is just two blocks from the main business district and all amenities in the revitalized downtown core. The building offers beautiful canal views, specifically from the second-floor balcony, and attracts quality tenants due to its desirable surroundings. All tenants pay their own heat and hydro, with gas heating in place. Ample parking is available, with space for approximately two vehicles per unit. Current rental income is as follows: Unit 1: $871, Unit 2: $847, Unit 3: $1,896, Unit 4: $1,090, Unit 5: $1,800, Unit 6: $1,800. With strong existing cash flow and significant upside potential to increase rents, this property presents an excellent opportunity for investors seeking long-term growth and reliable returns. Two 3-bed units & four 2 bed units, New Roof April/2022, Cash Cow. Please, contact Brad Closs for more information or to arrange a viewing. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by RE/MAX HALLMARK REALTY GROUP