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Ottawa area 24-plex Apartment building & commercial, new roof, retrofitted,$625000 CAD or $539000 USD
Photos and contact info at http://www.anykindjob.com/building.html
Price: $625,000 CDN. Proforma 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. Property management company next to the building for absentee landlord. Website and Contact Info: http://www.anykindjob.com/building.html |
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