$525,000
Available - For Sale
Listing ID: X11968288
58-60 Victoria Avenue , Smiths Falls, K7A 2P4, Lanark
| **Turnkey 5-Unit Investment Property in Prime Smiths Falls Location**An excellent opportunity to own a **recently renovated five-unit income property** in the heart of Smiths Falls! Perfectly positioned **within walking distance of the VIA RAIL train station**, this location offers unmatched convenience for tenants and strong rental demand.This property is projected to generate a **gross income of $59,465 and a net income of $45,600**, making it a **high-yield investment** with solid cash flow. One of the five units is **vacant and ready for you to set your own rent**, maximizing your returns from day one.With modern updates already completed, this **turnkey investment** is ideal for investors looking for a **low-maintenance, income-generating property** in a growing market. |
| Price | $525,000 |
| Taxes: | $3000.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 58-60 Victoria Avenue , Smiths Falls, K7A 2P4, Lanark |
| Postal Code: | K7A 2P4 |
| Province/State: | Lanark |
| Lot Size: | 60.00 x 132.00 (Feet) |
| Directions/Cross Streets: | Cornelia St W to Victoria Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 0 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2288.00 |
| Total Area Code: | Square Feet |
| Insurance Expense: | $2800 |
| Heat Expenses: | $2600 |
| Hydro Expense: | $3885 |
| Water Expense: | $1580 |
| Gross Income/Sales: | $52057 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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%
Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY GROUP |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Lot Size: | 60.00 x 132.00(Feet) |
| Tax: | $3,000 |
| Fireplace: | N |
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