18 Market Street N,Smiths Falls, ON K7A2E3
Smiths Falls, ON K7A2E3
Description
5 PLEX BUILDING FOR SALE (NOT THE BUSINESS) 1-commercial unit and 4-apartment units. Excellent Mixed-Use (fully rented) Investment Opportunity in the Heart of Smiths Falls. Welcome to a solid, income-generating mixed-use commercial building ideally located in the heart of Smiths Falls. This well-positioned property offers a diverse tenant mix with one commercial unit and four residential apartments, making it an excellent opportunity for investors seeking stable cash flow and future upside.The ground-floor commercial unit is approximately 1,000 sq. ft. and is currently rented at $785/month, offering strong street presence and visibility. The residential component includes four units: a ground-floor bachelor apartment renting for $540/month, a one-bedroom unit on the second floor renting for $895/month, and two spacious two-bedroom units on the second floor, each renting for $895/month. All rents are currently inclusive, providing ease of management. However, the building is equipped with five separate hydro meters, allowing a future owner the opportunity to transition utilities to tenant responsibility for improved operating efficiency and increased net income. The property features a combination of gas forced-air heating and electric baseboard heating, offering flexibility and redundancy. With its central location close to shops, services, and amenities, this property is well-positioned for long-term tenant demand. Whether you're looking to expand your investment portfolio or secure a mixed-use asset in a growing community, this Smiths Falls property offers strong income, flexibility, and upside potential. (id:13843)
Details
| MLS # | X13521820 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 115 |
| Listing Provided By | CENTURY 21 SYNERGY REALTY INC. | Matthew Hotston |
Features
| SQ Feet | 2,200 |
|---|---|
| Zoning | Commercial/Residential |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 7310 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Smiths Falls |
| Postal Code | K7A2E3 |
| Listing VS Median (in K7A2E3) | |
Price: $449,000 low | high Med: $449,000 sqft: 2,200 low | high Med: 2,200 $ / sqft: $204 low | high Med: $204 On site: 115 low | high Med: 115 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Smiths Falls |
| Postal Code | K7A2E3 |
| Listing VS Median (in K7A2E3) | |
Price: $449,000 low | high Med: $449,000 sqft: 2,200 low | high Med: 2,200 $ / sqft: $204 low | high Med: $204 On site: 115 low | high Med: 115 | |
