Rarely offered, very well maintained fourplex 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.
Address
117 Brockville Street
List Price
$599,900
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Area
Smith Falls
Sub-Area
901 - Smiths Falls
County
Lanark
Bedrooms
6
Bathrooms
4
Lot Size Source
GeoWarehouse
Lot Depth
120
Lot Size Units
Feet
Lot Width
60
Approx. Age
100+ Years
MLS® Number
X11946434
Listing Brokerage
SUTTON GROUP - OTTAWA REALTY
Basement Area
Full, Unfinished
Postal Code
K7A 3Y7
Parking
Other, Private
Parking Places (Total)
5
Tax Amount
$4,444.40
Tax Year
2024
Exterior Features
Landscaped
Interior Features
Water Heater, Separate Hydro Meter
Heat Source
Gas
Heat Type
Forced Air
Cooling
None
Construction Materials
Brick, Vinyl Siding
Direction Faces
South
Foundation Details
Block, Stone
Garage Type
Attached
Kitchens Total
4
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer
