Address
8 Beckwith Street N, Smiths Falls, ON
Price
$ 500,000
Property Attributes
- ID#X13500348
- TypeCommercial
- Listing Status Active
- MunicipalitySmiths Falls
- CitySmiths Falls
- Area901 - Smiths Falls
- Neighbourhood901 - Smiths Falls
- Postal CodeK7A 2B1
- Style
- Price$ 500,000
- Bedrooms0
- Bathrooms3
- Half Bathrooms0
- Sqr Footage3176
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Turnkey mixed-use asset with a 7.6% cap rate, delivering dependable commercial and residential cash flow. Situated along Beckwith Street North in the heart of downtown Smiths Falls, this fully tenanted investment offers stable, diversified income from both retail and residential tenancies. The property comprises approximately 3,176 sq. ft. of above-grade space, including ground-floor commercial space with basement access and a well-configured three-bedroom apartment above, all within a traditional main street building supported by flexible C1 zoning. Current gross annual income is approximately $55,200, generating a net operating income of approximately $38,338. Recent capital improvements in 2023, including the roof, windows, and doors, together with no reported deferred maintenance, further enhance the appeal of this well-maintained downtown holding with long-term upside in a strengthening secondary market. --- The sale of the property does not include the business. --- ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:7434)
General Features
| Property Type | Retail |
|---|---|
| Zoning Description | DC - Downtown Core |
| CommunityName | 901 - Smiths Falls |
| Building Cooling Type | Fully air conditioned |
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
| Location Description | Cross Streets: Main St W. ** Directions: Head toward Industrial Rd. Turn right onto Cornelia St E/ON-15 S . Turn left onto Elmsley St N/ON-15 S . Turn right onto Beckwith St N/ON-15 S . Destination will be on the right. |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air, Hot water radiator heat |
| Building Heating Fuel | Natural gas |
| Living Area Range | 3176 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in K7A 2B1
Price
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