37 Main Street E Smiths Falls, Ontario K7A 1A3
$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:20425)
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 |
| Fireplace Present | No |
| Flooring Type | Laminate |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
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
Interested?
Contact us for more information
Brad Closs
Broker
610 Bronson Avenue
Ottawa, ON K1S 4E6
(613) 236-5959
(613) 236-1515
www.hallmarkottawa.com
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Ottawa Real Estate Board
RE/MAX Hallmark Realty Group
June 15 2022 02:11:32
