117 Brockville Street For Sale

Smiths Falls, 901 - Smiths Falls, K7A 3Y7

$599,900

Description

Listed by SUTTON GROUP - OTTAWA REALTY.

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.

Location

View Map
  • Address: 117 Brockville Street
  • Neighborhood: 901 - Smiths Falls
  • City: Smiths Falls
  • State: Ontario
  • Postal Code: K7A 3Y7

Property Details

  • Property ID: X11946434
  • Property Price: $599,900
  • Style: Fourplex, 2-Storey
  • Rooms: 12
  • Bedrooms: 6
  • Bath: 4
  • Garages Spaces: 1
  • Garage: Attached
  • Parking Spaces: 5
  • Year Built: 100+
  • Basement: Full, Unfinished
  • Central Vac.: N
  • Den: N
  • Exterior: Brick, Vinyl Siding
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $4,444.40 (2024)
  • Lot: 120.00x60.00 (Feet)

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100