$1,200,000
Available - For Sale
Listing ID: X13000028
66 QUEEN Street , Smiths Falls, K7A 3N2, Lanark
| This fully tenanted 6-unit apartment building sits on a generously sized lot, backing directly onto the UNESCO World Heritage Site, the Rideau Canal-offering access to scenic walking trails and outdoor recreation. Located in a quiet, residential neighbourhood known for its charm and upscale character, the property is just two blocks from the main business district and all amenities in the revitalized downtown core. The building offers beautiful canal views, specifically from the second-floor balcony, and attracts quality tenants due to its desirable surroundings. All tenants pay their own heat and hydro, with gas heating in place. Ample parking is available, with space for approximately two vehicles per unit. Current rental income is as follows: Unit 1: $871, Unit 2: $847, Unit 3: $1,896, Unit 4: $1,090, Unit 5: $1,800, Unit 6: $1,800. With strong existing cash flow and significant upside potential to increase rents, this property presents an excellent opportunity for investors seeking long-term growth and reliable returns. Two 3-bed units & four 2 bed units, cash cow. Please, contact Brad Closs for more information or to arrange a viewing. |
| Price | $1,200,000 |
| Taxes: | $8903.81 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 66 QUEEN Street , Smiths Falls, K7A 3N2, Lanark |
| Postal Code: | K7A 3N2 |
| Province/State: | Lanark |
| Directions/Cross Streets: | Queen St & Lorne St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 0.30 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway |
| Approximatly Age: | 51-99 |
| Financial Statement: | T |
| Chattels: | T |
| Management Expense: | 5000 |
| Water Expense: | $3031 |
| Net Income Before Debt: | $69132 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 6 |
| Clear Height Feet: | 8 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY GROUP |
|
|
Freda Ziba
Sales Representative
Dir:
647-997-2120
Bus:
905-764-7111
Fax:
905-764-1274
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Approximate Age: | 51-99 |
| Tax: | $8,903.81 |
| Baths: | 6 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
