Central Air Conditioning
Forced Air
$899,900
HISTORIC HIGH QUALITY STONE MULTI-UNIT BUILDING THAT IS VERY COST EFFECTIVE TO MAINTAIN, 10 & 20 YR EXPENSE HISTORY AVAILABLE. SELLER HAS OWNED & OCCUPIED BUILDING FOR 40 YRS, ON A QUIET STREET, CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION. THIS EXCEPTIONALLY WELL MAINTAINED BUILDING ATTRACTS QUALITY TENANTS BECAUSE OF THE UPSCALE ATMOSPHERE & EXCELLENT LOCATION. TWO, 2 BDRM 2 LEVEL APTS ON THE 2ND & 3RD LEVELS, 1st FLR OFFICE SPACE W/CENTRAL AIR WHICH IS ALSO SUITABLE FOR A BUSINESS THAT REQUIRES OFFICE & ADJACENT WORKSHOP & ADDITIONAL STORAGE. OFFICE COULD ALSO BE EASILY CONVERTED INTO A 2 BDRM APT OR TWO 1 BDRM APTS. 900 SQ FT VACANT WORKSHOP COULD ALSO BE CONVERTED INTO AN APT, 4 RENTAL STORAGE UNITS AT THE REAR OF THE BUILDING. FORCED AIR NATURAL GAS HEATING. EXISTING CASH FLOW W/WORKSHOP RENTED AT $1,000/MTH IS $4,112/MTH, PROVIDING A 5% CAP RATE. UPSIDE RENTAL INCOME POTENTIAL (APPROX $7,500) WHEN APTS CYCLE WILL PROVIDE A NEW CAP RATE OF APPROX 6%. C1 COMMERCIAL ZONING. (id:25309)
Property Details
MLS® Number
|
1292780 |
Property Type
|
Multi-family |
Neigbourhood
|
SMITHS FALLS |
Amenities Near By
|
Shopping, Water Nearby |
Communication Type
|
Cable Internet Access, Internet Access |
Features
|
Flat Site |
Parking Space Total
|
6 |
Building
Basement Development
|
Unfinished |
Basement Type
|
Cellar (unfinished) |
Constructed Date
|
1850 |
Construction Style Attachment
|
Attached |
Cooling Type
|
Central Air Conditioning |
Exterior Finish
|
Stone |
Flooring Type
|
Laminate |
Foundation Type
|
Stone |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
3 |
Type
|
Fourplex |
Utility Water
|
Municipal Water |
Parking
Land
Acreage
|
No |
Land Amenities
|
Shopping, Water Nearby |
Sewer
|
Municipal Sewage System |
Size Depth
|
120 Ft |
Size Frontage
|
60 Ft |
Size Irregular
|
60 Ft X 120 Ft |
Size Total Text
|
60 Ft X 120 Ft |
Zoning Description
|
C1 Commercial |
Utilities
Fully serviced
|
Available |
Electricity
|
Available |
Telephone
|
Available |
https://www.realtor.ca/real-estate/24437331/37-main-street-e-smiths-falls-smiths-falls