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)

Read More

Listing Agent

Brad Closs

Broker

(613) 200-1000

Powered by:

Realtor.ca

Property Details

City: Smiths Falls

Neighbourhood: SMITHS FALLS

Build Year: 1900

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

Contact