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

More photos at Price: $625,000.
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

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

On Wed, 21 Dec 2005, commercial wrote:

> More photos at Price: $625,000.

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