2 OLD MILL ROAD$320,000
#1338371
N/A bed
N/A bath
About the Property
BRICK 4-PLEX WITH GAS HEATING IN AN ALL RESIDENTIAL AREA ON A QUIET STREET, WITH A HIGH WALKSCORE BEING CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION,CLOSE TO THE WORLD HERITAGE SITE RIDEAU CANAL WITH MANY WALKING TRAILS ALONG THE CANAL & ADJOINING PARK WITH MANY YEARLY FESTIVALS,4 HYDRO METERS, SMITHS FALLS IS ONLY 12 MILES FROM PERTH WHERE THE VALUE OF BRICK BUILDINGS HAS SKYROCKETED,PRESENTLY BRICK BUILDINGS IN SMITHS FALLS ARE VERY AFFORDABLE,TREMENDOUS UPSIDE POTENTIAL ON THE RENTAL INCOME WITH THE APTS BEING GROSSLY UNDER RENTED, THIS BUILDING WILL CATAPULT YOU INTO A NEW HEMISPHERE OF THE REAL ESTATE WORLD AS YOU BECOME A BIG-TIME CASH GENERATOR,OWNING MULTI-RESIDENTIAL REAL ESTATE IS THE BEST INVESTMENT DURING TOUGH TIMES- BUSINESSES CLOSE & COMMERCIAL REAL ESTATE DOES POORLY EXCEPT MULTI-RESIDENTIAL BECAUSE EVERYONE STILL NEEDS A PLACE TO LIVE,INVESTORS BECOME MORE SUCCESSFUL WHEN THEY BUY 4-PLEXES, RENTS ARE 2A- $737.02 2B- $669.65 2C- $709.00 4- $646.95 CASH COW (id:46641)
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Property Details
City: Smiths Falls
Neighbourhood: SMITHS FALLS
Build Year: 1900
Listing Agent
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Property
Property Type
Multi-family
Land Depth
60 ft
Building
Basement Development
Unfinished
Basement Type
Cellar (Unfinished)
Storeys
2
Building Style
Fourplex
Exterior Finish
Brick
Heating Type
Forced air
Cooling Type
None
Foundation Type
Stone
Parking Space Total
4
Measurements
Additional Info
Lease Type
Other, See Remarks
Listing Contract Date
2023-04-21
Zoning Description
COMMERCIAL 1 C1
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