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Multifamily

BECKWITH & MAPLE PORTFOLIO

7 Maple Ave, Smiths Falls, ON K7A 1Z4

Listing Price: $19,000,000

Cap Rate
4.80%
Number of Units
49
GRM
25.56
Price/Unit
$387,755
Price/Gross SF
$3,166.67
Gross SF
6,000

Investment Overview

Marcus & Millichap Virk Apartment Group proudly presents this exceptional investment opportunity: a portfolio consisting of 49 premium rental apartments situated within two state-of-the-art buildings, completed in 2024. Designed with modern finishes that appeal to the discerning tenant, these residences feature open-concept layouts, high-end appliances, and energy-efficient fixtures that not only elevate the living experience but also promise reduced operational costs. With significant potential to capitalize on market rents and no restrictions from rent control, this offering positions the savvy investor to maximize revenue in the up-and-coming rental market of Smiths Falls

In addition to the attractive residential units, this portfolio includes valuable ground floor retail space allowing the investor to diversify this portfolio in an already stable asset class, which enhances the property’s appeal and potential revenue streams. Situated in a burgeoning neighborhood with growing demand for both housing and commercial services, these buildings are strategically located to attract a diverse tenant base. This unique blend of residential and retail offerings not only adds value but also fosters a vibrant community atmosphere that tenants will love. Don't miss the opportunity to secure a foothold in this prime market; invest in your future today!

Investment Highlights

  • Marcus & Millichap Virk Apartment Group proudly presents this exceptional investment opportunity: a portfolio consisting of 49 units in 2 buildings and 6,500 SFT of Retail space
  • Modern finishes, Open-concept layouts, High-end appliances, and energy-efficient fixtures that not only elevate the living experience, but additional savings through efficient heating and lighting!
  • Smiths Falls has a Community Improvement Plan (CIP) that may provide grants for facade improvements, building renovations, and other projects that enhance the community.
  • The town has invested in infrastructure improvements, including a new hospital, arena, and upgrades to water treatment and sewer plants, ensuring a modern and functional environment for growth

Exclusively Listed By

Multifamily

BECKWITH & MAPLE PORTFOLIO

Listing Price: $19,000,000

Cap Rate
4.80%
Number of Units
49
GRM
25.56
Price/Unit
$387,755
Price/Gross SF
$3,166.67
Gross SF
6,000

Investment Highlights

  • Marcus & Millichap Virk Apartment Group proudly presents this exceptional investment opportunity: a portfolio consisting of 49 units in 2 buildings and 6,500 SFT of Retail space
  • Modern finishes, Open-concept layouts, High-end appliances, and energy-efficient fixtures that not only elevate the living experience, but additional savings through efficient heating and lighting!
  • Smiths Falls has a Community Improvement Plan (CIP) that may provide grants for facade improvements, building renovations, and other projects that enhance the community.
  • The town has invested in infrastructure improvements, including a new hospital, arena, and upgrades to water treatment and sewer plants, ensuring a modern and functional environment for growth

Investment Overview

Marcus & Millichap Virk Apartment Group proudly presents this exceptional investment opportunity: a portfolio consisting of 49 premium rental apartments situated within two state-of-the-art buildings, completed in 2024. Designed with modern finishes that appeal to the discerning tenant, these residences feature open-concept layouts, high-end appliances, and energy-efficient fixtures that not only elevate the living experience but also promise reduced operational costs. With significant potential to capitalize on market rents and no restrictions from rent control, this offering positions the savvy investor to maximize revenue in the up-and-coming rental market of Smiths Falls In addition to the attractive residential units, this portfolio includes valuable ground floor retail space allowing the investor to diversify this portfolio in an already stable asset class, which enhances the property’s appeal and potential revenue streams. Situated in a burgeoning neighborhood with growing demand for both housing and commercial services, these buildings are strategically located to attract a diverse tenant base. This unique blend of residential and retail offerings not only adds value but also fosters a vibrant community atmosphere that tenants will love. Don't miss the opportunity to secure a foothold in this prime market; invest in your future today!

Exclusively Listed By

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