2 Bay Street North

Presenting The Craine House, An Incredible Boutique 5-Unit Apartment Building Set Inside The Famous Structure At 2 Bay Street North, One Of The Most Historically Significant Spots In Smiths Falls. This Is The Best Opportunity To Add A Highly Unique Investment In 2022. Better Yet, All That Historical And Architectural Significance Doesn't Take Away From The Investment Value Proposition. Unbelievable 6% Cap Rate And Cash Flow Exceeding $1,150 Monthly. There Is So Much Room For Value Growth. Unit Improvements Upon Tenant Turnover Will Help The New Owner Leverage This Investment And Maximize Their Share Of The Soaring Rental Prices Here In Town. Coin-Op Laundry Could Add $200 To The Bottom Line. Full Tenancy Turnover Could Result In A 9%+ Cap Rate And $2,650+ Monthly Cash Flow Over Time. Click "More Photos" On Realtor.Ca For Full Numbers, Analysis, And To Read About The Property's Historical Significance. Offers Presented April 14; Seller Reserves The Right To Accept Pre-Emptive Offers.

Extras

Rents As Of July 1: Unit 1 $1,189; Unit 2 $815; Unit 3 $689; Unit 4 $1,098; Unit 5 $911. All Tenants Pay Their Own Hydro.