$539,999
Available - For Sale
Listing ID: X12438345
70-72 Victoria Avenue , Smiths Falls, K7A 2P5, Lanark
| Excellent investment opportunity in the heart of Smiths Falls! This well-maintained brick 4-plex is situated on a corner lot just steps from downtown amenities and the scenic Rideau Canal, a UNESCO World Heritage Site. Offering four 2-bedroom units with tenants already in place, this property is a true turnkey cash-flow generator. Currently bringing in $35,377 annually, tenants pay their own hydro while the owner covers gas heating (forced air).The building features updates, including roof (2021), furnaces (2021) and recent front windows and back door replacement for Unit 72 and new front windows for the lower unit 70. Hot water tanks are owned, and each unit has its own hydro meter. Upper units enjoy private balconies, while the main level units feature decks and shared access to the spacious yard. Parking is plentiful with a laneway at the back of the building. Smiths Falls offers a charming, small-town atmosphere with attractions like Victoria Park, the Heritage House Museum, and the Railway Museum of Eastern Ontario. Residents enjoy local shops, restaurants, green spaces, and trails, all while being within easy reach of Ottawa and Kingston. A solid brick build, strong rental history, and a prime location make this property a reliable income producer for any investor. Opportunities like this don't last long, secure your piece of Smiths Falls today! |
| Price | $539,999 |
| Taxes: | $4062.00 |
| Occupancy: | Tenant |
| Address: | 70-72 Victoria Avenue , Smiths Falls, K7A 2P5, Lanark |
| Directions/Cross Streets: | Victoria Ave/Foster Ave |
| Rooms: | 16 |
| Bedrooms: | 8 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Upper | Bedroom | 9.84 | 10.99 | |
| Room 2 | Upper | Kitchen | 11.48 | 13.48 | |
| Room 3 | Upper | Bedroom | 10.5 | 8.86 | |
| Room 4 | Lower | Living Ro | 11.97 | 12.99 | |
| Room 5 | Lower | Kitchen | 10.99 | 13.97 | |
| Room 6 | Lower | Bedroom | 9.84 | 13.97 | |
| Room 7 | Lower | Bedroom | 10.99 | 13.97 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 3 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 3 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 3 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 3 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 | |
| Washroom Type 31 | 3 | |
| Washroom Type 32 | 0 | |
| Washroom Type 33 | 0 | |
| Washroom Type 34 | 0 | |
| Washroom Type 35 | 0 | |
| Washroom Type 36 | 3 | |
| Washroom Type 37 | 0 | |
| Washroom Type 38 | 0 | |
| Washroom Type 39 | 0 | |
| Washroom Type 40 | 0 | |
| Washroom Type 41 | 3 | |
| Washroom Type 42 | 0 | |
| Washroom Type 43 | 0 | |
| Washroom Type 44 | 0 | |
| Washroom Type 45 | 0 | |
| Washroom Type 46 | 3 | |
| Washroom Type 47 | 0 | |
| Washroom Type 48 | 0 | |
| Washroom Type 49 | 0 | |
| Washroom Type 50 | 0 | |
| Washroom Type 51 | 3 | |
| Washroom Type 52 | 0 | |
| Washroom Type 53 | 0 | |
| Washroom Type 54 | 0 | |
| Washroom Type 55 | 0 | |
| Washroom Type 56 | 3 | |
| Washroom Type 57 | 0 | |
| Washroom Type 58 | 0 | |
| Washroom Type 59 | 0 | |
| Washroom Type 60 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Approximatly Square Footage: | < 700 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Style: | 2-Storey |
| Tax: | $4,062 |
| Beds: | 8 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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