56 Victoria Avenue, Smiths Falls | Image 1

56 Victoria Avenue

Smiths Falls, 901 - Smiths Falls

  • Commercial

$499,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: M2

  • Age: No Data

  • Taxes: 2500

  • MLS®#: X11968252

  • Days on Site: 1 Days

  • Added: Feb 11, 2025 (2 months ago)

  • Updated:

  • Last Checked: 1 month ago

  • Listed By: RE/MAX HALLMARK REALTY GROUP

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 investmentcontact us today for more details or to schedule a viewing!

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Smiths Falls

  • Community: 901 - Smiths Falls

  • Availability Date: Flexible

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 173 N/S DANIEL ST PL 13884 LANARK S MONTAGUE AS IN RS91499

  • Taxes: $2,500

  • Expenses: Act

  • Insurance Fee: 2800

  • Hydro Expense: 1800

  • Heat Expenses: 1750

  • Taxes Type: Annual

  • Taxes: 2500

  • Water Fees: 1300

Land

  • Cross Street: Cornelia St W to Vic

  • Municipality District: Smiths Falls

  • Parcel Number: 052690246

  • Lot Depth: 66 Feet

  • Lot Frontage: 66 Feet

  • Zoning: M2

Commercial Specific

  • Total Area: 2122

  • Total Area Metric: Sq Ft

  • Lot Code: Building

  • Gross Income/Sales: 40693

  • LLBO: N

Very Walkable

  • Most errands can be accomplished on foot.
79 /100

Bikeable

  • Some errands can be accomplished on bike.
52 /100
Map of 56 Victoria Avenue, Smiths Falls
7-8

Hanley Hall Catholic Elementary School

Elementary: Catholic
0.76 km
7-8

St. Luke Catholic School

Elementary: Catholic
2.13 km
4-8

St Francis de Sales Separate School

Elementary: Catholic
0.43 km
JK-8

Duncan J Schoular Public School

Elementary: Public
0.94 km
JK-3

St James the Greater Separate School

Elementary: Catholic
1.41 km
JK-8

Chimo Elementary School

Elementary: Public
2.16 km
9-12

Hanley Hall Catholic High School

Secondary: Catholic
0.47 km
9-12

St. Luke Catholic High School

Secondary: Catholic
2.11 km
9-12

Perth and District Collegiate Institute

Secondary: Public
18.29 km
9-12

Carleton Place High School

Secondary: Public
27.34 km
9-12

St John Catholic High School

Secondary: Catholic
18.58 km
9-12

Smiths Falls District Collegiate Institute

Secondary: Public
2.26 km

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