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37 MAIN STREET E
SMITHS FALLS Smiths Falls K7A1A3

$899,900
Multi-family baths: 0.0 built: 1850

Main Photo: 37 MAIN STREET E-Smiths Falls-SMITHS FALLS-SMITHS FALLS-K7A1A3
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1292780
Year Built:
1850
HISTORIC HIGH QUALITY STONE MULTI-UNIT BUILDING THAT IS VERY COST EFFECTIVE TO MAINTAIN, 10 & 20 YR EXPENSE HISTORY AVAILABLE. SELLER HAS OWNED & OCCUPIED BUILDING FOR 40 YRS, ON A QUIET STREET, CLOSE TO ALL THE AMENITIES OF THE BUSINESS SECTION. THIS EXCEPTIONALLY WELL MAINTAINED BUILDING ATTRACTS QUALITY TENANTS BECAUSE OF THE UPSCALE ATMOSPHERE & EXCELLENT LOCATION. TWO, 2 BDRM 2 LEVEL APTS ON THE 2ND & 3RD LEVELS, 1st FLR OFFICE SPACE W/CENTRAL AIR WHICH IS ALSO SUITABLE FOR A BUSINESS THAT REQUIRES OFFICE & ADJACENT WORKSHOP & ADDITIONAL STORAGE. OFFICE COULD ALSO BE EASILY CONVERTED INTO A 2 BDRM APT OR TWO 1 BDRM APTS. 900 SQ FT VACANT WORKSHOP COULD ALSO BE CONVERTED INTO AN APT, 4 RENTAL STORAGE UNITS AT THE REAR OF THE BUILDING. FORCED AIR NATURAL GAS HEATING. EXISTING CASH FLOW W/WORKSHOP RENTED AT $1,000/MTH IS $4,112/MTH, PROVIDING A 5% CAP RATE. UPSIDE RENTAL INCOME POTENTIAL (APPROX $7,500) WHEN APTS CYCLE WILL PROVIDE A NEW CAP RATE OF APPROX 6%. C1 COMMERCIAL ZONING. (id:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Lease Type:
Other, See Remarks
Zoning:
C1 COMMERCIAL
Community:
SMITHS FALLS
Amenities:
Shopping, Water Nearby
Features:
Flat site
Building Type:
Fourplex
Utilities:
Fully serviced - Available, Electricity - Available, Telephone - Available
Number of bathrooms:
0.0
Half Bathrooms:
0
Communication Type:
Cable Internet access, Internet Access
Age:
172 years
Construction Style Attachment:
Attached
Cooling:
Central air conditioning
Exterior Finish:
Stone
Fireplace:
No
Floor finish:
Laminate
Foundation:
Stone
Heating:
Forced air
Heating Fuel:
Natural gas
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Cellar (Unfinished)
Basement Development:
Unfinished
Land Amenities:
Shopping, Water Nearby
Lot Frontage:
60'
Lot Depth:
120'
Acreage:
No
Lot Size:
60 ft X 120 ft
Lot Details:
60 ft X 120 ft
Total Parking Spaces:
6
Parking Type:
Detached Garage
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Listed by RE/MAX HALLMARK REALTY GROUP
Data was last updated July 3, 2022 at 12:45 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$449,900
Min list price:
$289,000
Max list price:
$4,990,000
Avg days on market:
43
Min days on market:
6
Max days on market:
86
These statistics are generated based on the current listing's property type and located in Smiths Falls. Average values are derived using median calculations.
CHARLES KHOURI
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.