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$7,499,000
Available - For Sale
Listing ID: X10411232
Welcome to Luxury Living at the Iconic Hotel Rideau in the heart of Smiths Falls. This historic building has been completely restored from top to bottom, keeping the old world charm of the 1901 piece of history while offering all of the elegance of modern luxury. A solid asset (CAP rate 5.94%!) that's been fully renovated & is a turn key investment. Operated as a hotel in the past & can easily be converted back to a hotel. Amenities include keyless entry, fitness room, meeting room, laundry & BBQ area, 35 outdoor parking spaces, storage lockers. Comprised of 3 commercial units, 25 residential units boasts soaring 10' ceilings, large crown mouldings, quartz counters in the kitchen & bathroom, pot lights, open concept floor plan & oversized windows. Not a detail has been overlooked w/the high end finishes. Reminiscent of days gone by, a perfect balance has been struck between the heritage feel of the building & modern comforts, right down to the common areas.
Price $7,499,000
Taxes: $90,000
Occupancy by: Vacant
Address: 20 BECKWITH St North , Smiths Falls, K7A 3B3, Ontario
Postal Code: K7A 3B3
Province/State: Ontario
Legal Description: PART LOTS 225, 226 & 227 N/S WILLIAM STR
Lot Size: 60 x 126.23 (Feet)
Directions/Cross Streets: Downtown Smiths Falls on the corner of Beckwith and William.
Zoning: Commericial
Category: With Property
Use: Hospitality
Business/Building Name: Hotel Rideau
Net Income Before Debt: $445469
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EXP REALTY

20 BECKWITH St North , Smiths Falls, K7A 3B3, Ontario

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Freda Ziba
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647-997-2120
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905-764-7111
Fax:
905-764-1274

 
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Type: Com - Sale Of Business
Area: Lanark
Municipality: Smiths Falls
Neighbourhood: 901 - Smiths Falls
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Lot Size: 60.00 x 126.23(Feet)
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Tax: $90,000
Maintenance Fee: $0
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
 CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com