Smiths Falls - 901 - Smiths Falls
Smiths Falls - 901 - Smiths Falls
Sold For$416,000
Listed For $425,000
Sold Jul 2020
Flooring: Mixed, Solid income on this 2 Storey 8 Unit downtown property. Mixed use residential/Commercial. 4 Residential units on upper floor with 3 Street Level Commercial Units and small Separate office at rear. Many upgrades and renovations including several new windows, newer main roof (sloped) with flat roof on rear section, Building is well rented and well maintained. Smiths Falls is experiencing rapid economic growth with a high demand for residential rentals. Solid commercial tenants on the main level. No Heritage designation. All units month to month except for one commercial unit with 3 year lease. Very good net income with strong cash flow. Tenants pay heat/hydro. Baseboard in residential, gas furnaces in commercial units. 4 unassigned and unrented parking spaces. 1
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