31 MAIN STREET W Lanark, Ontario K7A1M4

$799,000

Solid investment opportunity with profitable fully rented 11-plex in growing town of Smith Falls (high rental demand). Ideal location just a hop skip and a jump from restaurants, shopping, rideau canal visitor center. Short 5 min drive to TWEED Medical supplies (Old Hershey Factory). Convenience at your fingertips. 5 out of 11 units subsidized by Lanark County (guaranteed income stream). 7 Bachelor and 4 One Bedroom apartments. Nine out of 11 units have been renovated. Landlord covers heat and hydro. Parking included for approx. 8 vehicles. 2 Hot water tanks are owned. Low maintenance, durable and energy efficient metal roof. 48hr notice for all showings. 24 hr irrevocable on all offers. (id:25961)

Bathroom Total 0
Half Bathrooms Total 0
Heating Type Baseboard heaters
Heating Fuel Electric
Stories Total 3

Courtesy of EXIT EXCEL REALTY

Chris A. Brown