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Home > Archive > Real Estate Investing > January 2006 > Ottawa area 24-plex Apartment building & commercial, new roof, retrofitted,$625000 CAD or $5450
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Ottawa area 24-plex Apartment building & commercial, new roof, retrofitted,$625000 CAD or $5450
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| apt building for sale 2006-01-28, 3:21 am |
| Photos and contact info at http://www.anykindjob.com/building.html
Price: $625,000 CDN or $545000 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. 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 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.
Superinterdent on site, and property management company available for
absentee landlord. Recognized for its architect beauty. Lots of
potential. Can easily reverted to a resort hotel or retirement place.
Property management company next to the building for absentee landlord.
Website and Contact Info: http://www.anykindjob.com/building.html
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