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Smiths Falls,ON K7A 2B4
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 901 - Smiths Falls
MLS Listing ID X12492486
Annual Tax Amount $3,392
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prime mixed-use income property in the heart of downtown Smiths Falls! Featuring a fully leased 900 sq ft street-level commercial unit and two vacant residential suites above and behind - a bright 1-bedroom apartment and a private bachelor with separate entrance. Recent upgrades include a new roof membrane with 3" insulation (2025, $30K), two new hot water tanks (2024), and natural gas forced-air heating. Ideal setup for investors or owner-occupiers seeking steady rental income. Projected gross income over $54,000 annually with a strong 9% cap rate and potential to increase returns by converting the bachelor to a 2-bedroom. Located on revitalized Beckwith Street, steps to cafés, restaurants, shops, the Rideau River, and VIA Rail station. Street and rear parking, municipal services, and reliable tenants make this a turnkey opportunity downtown.
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Interior
Cooling No
Exterior
Utilities Available Yes