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

More photos at Price: $539,900
USD or $625,000 CDN. 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. Similar buildings have
been sold for over $2 millions CDN. For photos and contact info go to

Email: fwintrust @ yahoo.com