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37 Main Street E Smiths Falls, Ontario K7A 1A3

Central Air Conditioning Forced Air

$899,900

HISTORIC HIGH QUALITY STONE MULTI-UNIT BUILDING THAT IS VERY COST EFFECTIVE TO MAINTAIN, 10 & 20 YR EXPENSE HISTORY AVAILABLE. SELLER HAS OWNED & OCCUPIED BUILDING FOR 40 YRS, ON A QUIET STREET, CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION. THIS EXCEPTIONALLY WELL MAINTAINED BUILDING ATTRACTS QUALITY TENANTS BECAUSE OF THE UPSCALE ATMOSPHERE & EXCELLENT LOCATION. TWO, 2 BDRM 2 LEVEL APTS ON THE 2ND & 3RD LEVELS, 1st FLR OFFICE SPACE W/CENTRAL AIR WHICH IS ALSO SUITABLE FOR A BUSINESS THAT REQUIRES OFFICE & ADJACENT WORKSHOP & ADDITIONAL STORAGE. OFFICE COULD ALSO BE EASILY CONVERTED INTO A 2 BDRM APT OR TWO 1 BDRM APTS. 900 SQ FT VACANT WORKSHOP COULD ALSO BE CONVERTED INTO AN APT, 4 RENTAL STORAGE UNITS AT THE REAR OF THE BUILDING. FORCED AIR NATURAL GAS HEATING. EXISTING CASH FLOW W/WORKSHOP RENTED AT $1,000/MTH IS $4,112/MTH, PROVIDING A 5% CAP RATE. UPSIDE RENTAL INCOME POTENTIAL (APPROX $7,500) WHEN APTS CYCLE WILL PROVIDE A NEW CAP RATE OF APPROX 6%. C1 COMMERCIAL ZONING. (id:49072)

Property Details

MLS® Number 1292780
Property Type Multi-family
Neigbourhood SMITHS FALLS
Amenities Near By Shopping, Water Nearby
Communication Type Cable Internet Access, Internet Access
Features Flat Site
Parking Space Total 6

Building

Basement Development Unfinished
Basement Type Cellar (unfinished)
Constructed Date 1850
Construction Style Attachment Attached
Cooling Type Central Air Conditioning
Exterior Finish Stone
Flooring Type Laminate
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Type Fourplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Shopping, Water Nearby
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 60 Ft
Size Irregular 60 Ft X 120 Ft
Size Total Text 60 Ft X 120 Ft
Zoning Description C1 Commercial

Utilities

Fully serviced Available
Electricity Available
Telephone Available

https://www.realtor.ca/real-estate/24437331/37-main-street-e-smiths-falls-smiths-falls

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