9
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$14,590,000
Est. payment /mo
26,199 SqFt
New
Address not disclosed Smith Falls, ON K7A 1Z4
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 26,199 sqft
Price per Sqft $556
Subdivision 901 - Smiths Falls
MLS Listing ID X12123560
Annual Tax Amount $15,453
Tax Year 2024
Property Sub-Type Investment
Property Description
Remarkable Investment Opportunity in Ontario. We are pleased to present an exceptional commercial listing featuring a well-maintained 33-unit apartment building, complemented by an impressive 6,000 square feet of prime retail space. This unique property offers investors a rare chance to own a diversified income-generating asset in a thriving neighborhood.With a cap rate exceeding 5.25%, this property highlights upside in returns and robust cash flow. The apartment units 65%+ leased with strong demand, ensuring a stable residential income stream. The strategically located retail space enhances versatility and provides additional revenue potential, making it an attractive asset for both experienced investors and newcomers. Situated in an area with increasing demand for housing and retail services, this property stands out as a high-value investment. Key amenities, including public transportation, schools, and shopping centers, are within close proximity to attract qualified tenants.
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 165.45
Lot Depth 211.77
Others
Security Features Yes
Listed by MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.