$7,499,000

Investment For Sale In Smiths Falls, Ontario

$7,499,000

Property Information:

Welcome to Luxury Living at the Iconic Hotel Rideau in the heart of Smiths Falls. This historic building has been completely restored from top to bottom, keeping the old world charm of the 1901 piece of history while offering all of the elegance of modern luxury. A solid asset (CAP rate 5.94%!) that's been fully renovated & is a turn key investment. Operated as a hotel in the past & can easily be converted back to a hotel. Amenities include keyless entry, fitness room, meeting room, laundry & BBQ area, 35 outdoor parking spaces, storage lockers. Comprised of 3 commercial units, 25 residential units boasts soaring 10' ceilings, large crown mouldings, quartz counters in the kitchen & bathroom, pot lights, open concept floor plan & oversized windows. Not a detail has been overlooked w/the high end finishes. Reminiscent of days gone by, a perfect balance has been struck between the heritage feel of the building & modern comforts, right down to the common areas. (id:27)

Building Features:

  • Style: Multiplex
  • Air Conditioning: Yes
  • Amenities: Exercise Centre
  • Exterior Finish: Brick
  • Foundation Type: Poured Concrete
  • Heating Type: Heat Pump
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1901
  • Irregular: Yes
  • Lot Depth: 126.3 Feet
  • Lot Frontage: 60.0 Feet
  • Lot Size: 60 ft X 126.23 ft (Irregular Lot)
  • Zoning: Commericial
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 35

Courtesy of: EXP REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.