7
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$399,000
Est. payment /mo
2,122 SqFt
Active
56 Victoria AVE Smiths Falls, ON K7A 2P4
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,122 sqft
Price per Sqft $188
Subdivision 901 - Smiths Falls
MLS Listing ID X11968252
Annual Tax Amount $2,500
Tax Year 2024
Property Sub-Type Investment
Property Description
High-Yield Fourplex Investment in Prime Smiths Falls LocationInvest in this affordable fourplex in the heart of Smiths Falls, ideally situated right in front of the train station, a prime location for tenants seeking convenience. Generating a gross income of $40,600 and a net income of $30,500, this property boasts a solid 6.11% cap rate, making it a smart addition to any investors portfolio. Great income generating property with potential for future value-add improvements, this is a fantastic opportunity to build wealth in an affordable and growing market. Don't miss out on this high-yield investment opportunity!
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 66.0
Lot Depth 66.0
Listed by RE/MAX HALLMARK REALTY GROUP