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Toronto Classified #8156
Posted Date:7/4/2006
Category:Real Estate » Commercial
Price:625000$
Content:Only $625000, 25 Unit Building, High Return, Investment or Own Use, New Roof, Retrofitted,
More photos at [link] Price: $625, 000 Canadian dollars(approx. $570, 000 USD). Located in downtown Smiths Falls, Ontario, Canada. 40 mins 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 with own bathroom, kitchen, 1 large commercial tenant (bar & grill), 1 additional commercial space, 1 office and 9 large residential rooms (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. Ground floor 16 feet ceiling, large 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. High resolution color security camera system monitors entire building's public areas and records views and sounds 24 hours (with $30-40/m can be seen by absentee owner via Internet). Property management company available for absentee owner.
Contact: 613-2832121 Nancy Bell
74.86.155.82


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