117 Brockville Street Smiths Falls, Ontario K7A 3Y7

$599,900

Rarely offered, very well maintained quadplex with over 7% cap rate in area with low vacancy, growing population in an 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 $54590 for 2024 Gross Rent. Cashflow(after taxes, utilities, insurance) is $45081 offering a 7.5% cap rate. A solid investment for the savvy investor. (id:43934)

Property Details

MLS® Number	X11946434
Property Type	Single Family
Community Name	901 - Smiths Falls
Parking Space Total	5
Structure	Shed

Building

Bathroom Total	4
Bedrooms Above Ground	6
Bedrooms Total	6
Amenities	Separate Electricity Meters
Appliances	Water Heater, Dryer, Refrigerator, Stove, Washer
Basement Development	Unfinished
Basement Type	Full (unfinished)
Exterior Finish	Brick, Vinyl Siding
Foundation Type	Block, Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Type	Fourplex
Utility Water	Municipal Water

Parking

Attached Garage

Land

Acreage	No
Landscape Features	Landscaped
Sewer	Sanitary Sewer
Size Depth	120 Ft
Size Frontage	60 Ft
Size Irregular	60 X 120 Ft
Size Total Text	60 X 120 Ft
Zoning Description	Residential

https://www.realtor.ca/real-estate/27856556/117-brockville-street-smiths-falls-901-smiths-falls