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$899,900

37 Main Street E Smiths Falls, Ontario K7A 1A3

37 Main Street E, Smiths Falls, Ontario  K7A 1A3 - Photo 1 - 1292780
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37 Main Street E Smiths Falls, Ontario K7A 1A3

Central Air Conditioning Forced Air

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:42482)

Enquire about 37 Main Street E, Smiths Falls, Ontario K7A 1A3

    Property Details

    Property Details for 37 Main Street E, Smiths Falls, Ontario K7A 1A3

    MLS® Number 1292780
    Property Type Multi-family
    Neighbourhood SMITHS FALLS
    Amenities Nearby Shopping, Water Nearby
    Communication Type Cable Internet Access, Internet Access
    Features Flat Site
    Parking Space Total 6

    Building

    Building details for 37 MAIN STREET E, Smiths Falls, Ontario K7A 1A3
    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

    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

    Brad Closs
    Broker

    (613) 200-1000
    RE/MAX HALLMARK REALTY GROUP
    610 Bronson Avenue
    Ottawa, Ontario K1S 4E6

    (613) 236-5959
    (613) 236-1515
    www.hallmarkottawa.com

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