Address
18 Market Street N, Smiths Falls, ON
Price
$ 449,000
Property Attributes
- ID#X13521820
- TypeCommercial
- Listing Status Active
- MunicipalitySmiths Falls
- CitySmiths Falls
- Area901 - Smiths Falls
- Neighbourhood901 - Smiths Falls
- Postal CodeK7A 2E3
- Style
- Price$ 449,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage2200
Data Source:
Canadian Real Estate Association (CREA)
Property 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:7434)
General Features
| Property Type | Retail |
|---|---|
| Zoning Description | Commercial/Residential |
| CommunityName | 901 - Smiths Falls |
| Building Cooling Type | None |
| Location Description | Cross Streets: Corner of Market Street North and William Street East. ** Directions: Right on the corner of Market Street North and Willam Street East downtown Smiths Falls. |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air, Baseboard heaters |
| Building Heating Fuel | Natural gas |
| Living Area Range | 2200 |
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 2E3
Price
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