Rarely offered, very well maintained fourplex with just under 8% cap rate in area with low vacancy, growing population in Ottawa bedroom community/ historical town located on the RIDEAU CANAL. Building situated on massive 60' x 120' lot in sought after location with ample parking at back of building. Ground floor with recently updated 2 x 2 bedroom units, upper floor is 2 x 1 bedroom apartments. FURNACES(2013, 2022), ROOF(2022), SOFFITS AND FASCIA(2013), ALL WINDOWS(2014), CHIMNEY CAPPED(2021), SEWAGE LINE REPLACEMENT(coordinated with municipality in 2022), COMPLETE PLUMBING UPDATE WITH ABS AND COPPER, ELECTRICAL(2008), GARAGE DOOR(2023), 4 hot water tanks(all owned, 4 hydro meters. The numbers are $55884 for 2025 Gross Rent. Cashflow(after taxes, utilities, insurance) is $46375(based on 2024 costs) offering a 7.73% cap rate. A solid investment for the savvy investor. (id:6673)
| MLS® Number | X11946434 |
| Property Type | Multi-family |
| Community Name | 901 - Smiths Falls |
| ParkingSpaceTotal | 5 |
| BathroomTotal | 4 |
| BedroomsAboveGround | 6 |
| BedroomsTotal | 6 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Block, Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
| Acreage | No |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 120 Ft |
| SizeFrontage | 60 Ft |
| SizeIrregular | 60 X 120 Ft |
| SizeTotalText | 60 X 120 Ft |
Contact us for more information
Tammy Dopson
Salesperson
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