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CAONSmiths Falls12-14 Queen St
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12-14 Queen St, Smiths Falls, ON

Real Estate

For Sale

$X
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846

MLS® X12927930

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size -
Garage Yes
Taxes $4,715
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X12927930

Property Address: 12-14 Queen St, Smiths Falls, ON, K7A3N2

Average square foot calculated using Size range provided by listing agent.

Description

Thomas Edison likely had this lucrative investment property in mind when he reportedly said "opportunity is missed by most people because it is dressed in overalls and looks like work". This fourplex nestled a stone's throw from the Rideau River diagonally across a municipally owned parcel of riverfront land in the growing town of Smiths Falls exemplifies a BRRRR target, and goes one better: it makes money out of the gate. Make positive cash flow now - and for as long as you like - from low rents, with enormous upside if you're willing to get your hands dirty. This is not a palace now, with numerous small maintenance projects to be found. With some repairs and renovations on tenant turnover, this property can readily shine and return multiples on that further investment. Offering 4, 069 square feet of above grade living space, currently comprising two 2-bedroom units, one 3-bedroom unit with a family room, and one 1-bedroom. Structurally sound on a block foundation with full basement under 12 Queen and crawl space under 14 Queen. A double garage houses utilities, plenty of storage and could accommodate one vehicle. There are six outdoor parking spaces, all accessible at the rear of the property from Elmsley Street South. Key infrastructure includes two gas furnaces provide efficient heating, two rented hot water tanks, upgraded electrical with four meters (ESA on file), and two water meters. Compliance and fire safety letters on file. You'll be hard pressed to find a better starting point for income & equity growth in the area than this property at $112, 500 per unit or $110 per square foot of above grade living space.Show Description
MLS® NumberX12927930
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementFull, Unfinished, Crawl Space
DrivewayGarage Type:Attached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Show Details
Dining Room:Second Floor11.59 × 12.77 ft

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
14 Queen St, Smiths Falls, ON

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