$1,149,000

For saleJust listed

11 Beckwith Street South, Smiths Falls - Retail for Sale

11 Beckwith Street South, Smiths Falls, Ontario, K7A2A9

10,855 ft²4,922 sq ft (0.11 ac) lot sizeListed 7 days ago

Overview

This retail property in Smiths Falls is for sale offering roughly 10,855 sq ft of space. It has been on the market 7 days, fresher than the Smiths Falls average of 82 days.

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Description

Exceptionally well-maintained commercial/residential building in downtown Smiths Falls. Building has 4969sf versatile layout with flexibility for variety of uses from retail to restaurant. After 53 years of operating a successfully popular restaurant, owners are retiring. The building's main floor is currently fully equipped restaurant. Three entrance doors would allow space to be converted to retail, office and/or businesses. Second and third floors include six apartments, all rented. Welcoming front reception area includes pizza workstation. From here, customers walk into casual 54'x15' dining area that seats 66. Two steps up to second 37'x 24' dining room seating 45, with attractive stone wall plus bar area. Besides dining areas, restaurant has a 32'x 32' banquet hall for special events that seats 66. Adjoining banquet hall is equipped dessert station. Turnkey fully-equipped kitchen has efficient workflow with professional appliances, prep space and commercial refrigeration including walk-in cooler & walk-in freezer. Three natural gas furnaces and central air, for main floor restaurant. Four washrooms & storage rooms. Basement has extra storage space. Separate exterior door for access to rental apartments on second & third floors. Rented apartments include one 1-bedroom apartment; two 1-bedroom + den apartments; two 2-bedroom apartments and studio apartment. Each apartment has electric baseboard heating, 100 amp service and their own hydro meter. Roof's front shingles 2025; back shingles approx 2015. All windows 2006-2007. Curbside garbage pickup for apartments. Restaurant has garbage contract service. Street parking, two hours free. Zoning C1 (Commercial). Over the years, restaurant was open 7 days a week with full capacity and regular bookings for the banquet hall. Excellent location downtown Smiths Falls. Opportunity to invested in the growing town, on the Rideau Canal system. Convenient central location, 20 mins to Perth or Carleton Place and 50 mins Ottawa. (id:66096)

Property Details

MLS®: X14125992
Property Type: Retail
Zoning: C1 (Commercial)
Interior Size: 10,855 ft²
Lot Size: 4,922 sq ft (0.11 ac)
Frontage: 58 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $15,673/yr
Listed: 7 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Smiths Falls listings, avg age

82d

Price / ft²

$106

List price

$1.15M

Haho

This retail in Smiths Falls has been listed for 7 days, which is 75 days fresher than the city average of 82. Act while there is still low competition.

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Listed by COLDWELL BANKER FIRST OTTAWA REALTY · Stephanie Mols

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7A)

This home lists at $1,149,000, about 15.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $224,440 (20% down, 25-yr amortization, stress-tested) — roughly 201% above the area median.

Median household income: $74,500
Population: 17,575
Median age: 46.8
Owner / renter: 72% / 28%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K7A)

$1,149,000· $106/ft²

For sale

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