25 Unit Apartment building for sale $625000, 40 mins to Ottawa, New Agent Listing

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From: apt building for sale
Date: Thu, 09 Feb 2006 05:34

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More photos at http://www.anykindjob.com/building.html Price: $625,000
CDN or approx. $545,000 USD. Proforma 17%+ Cap rate. Located in
downtown Smiths Falls, Ontario, Canada. 45 mins drive to Ottawa. Smiths
Falls is the chocolate capital of East Canada and a popular tourist
destination. The property is in walking distance to all amenities. Over
21,000 square foot interior space. Currently 13 apartments (own
kitchen, bathrm), 1 large commercial tenant (bar & grill), 1 additional
commercial space, 2 offices and 8 single residential units (share
bathrooms and common areas), and numerous storage rooms. Always well
rented. Excellent return. Masonary structure. New roof ($30K) in Dec
2003. Building was completely fire retrofitted in 2005 (over $80K) and
had numerous improvements. High ceiling between the floors, large room
windows, wide stairs, mosaic windows, beautiful antique modelings. Full
size full height basement. Advanced alarm system thoughout the
building. Recognized for its architect beauty. Lots of potential. May
be reverted to a resort hotel or retirement place. Property management
company available for absentee owner.
Website and contact info: http://www.anykindjob.com/building.html

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From: "apt building for sale" <smithsfallsbuilding@yahoo.com>
Newsgroups: misc.immigration.canada,ba.market.housing,nj.housing,dc.housing,ne.housing
Subject: 25 Unit Apartment building for sale $625000, 40 mins to Ottawa, New Agent Listing
Date: 8 Feb 2006 21:34:09 -0800
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