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$ 1,200,000
Est. payment | /mo
6 Baths
$ 1,200,000
Est. payment | /mo
6 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 901 - Smiths Falls
MLS Listing ID X13000028
Annual Tax Amount $8,903
Tax Year 2025
Property Sub-Type Investment
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.
Location
Province ON
County Lanark
Area Lanark
Interior
Cooling No
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Frontage 105.0
Lot Depth 120.0
Building
Building Age 51-99
Others
Security Features No
ParcelsYN No
Listed by RE/MAX HALLMARK REALTY GROUP
Nearby Locations
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