Ottawa area 24-plex Apartment building & commercial, 17%+cap new roof, retrofitted

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1 total messages Started by sale Thu, 22 Dec 2005 06:44

Author: sale
Date: Thu, 22 Dec 2005 06:44

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More photos at http://www.anykindjob.com/building.html Price: $625,000
CDN. 17% Cap rate. Located in downtown Smiths Falls, Ontario, Canada.
45 mins drive to Ottawa, 30 mins to Kanata. Smiths Falls is the
chocolate capital of East Canada and a popular tourist destination.Walk
to all amenities and businesses. Over 21,000 square foot interior
space. Currently 13 apartments (own kitchen, bathrm), one large
commercial tenant (bar & grill), one additional commercial space, 1
office and 8 single residential units (share bathrooms), 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. Superinterdent on site,
and property management company available for absentee landlord.
Recognized for its architect beauty. For photos and contact info go to
http://www.anykindjob.com/building.html

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