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:66096)
Property Details
MLS®
X13521820
Property Type
Retail
Zoning
Commercial/Residential
Interior Size
2,200 ft²
Lot Size
40 × 60 ft (2,400 sq ft)
Frontage
40 ft
Heating
Baseboard heaters, Forced air, Natural gas
Cooling
None
Property Tax
$7,310/yr
Listed
124 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
124d
Smiths Falls listings, avg age
81d
Price / ft²
$204
List price
$449K
Long Listed: 124 days on market, against an average age of 81 days across the listings currently for sale in this city
Market timing · days on market0 → 81d avg age of current listings
Long Listed · day 124
Haho
This retail in Smiths Falls is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by CENTURY 21 SYNERGY REALTY INC · Matthew Hotston
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K7A)
This home lists at $449,000, about 6.0× the local median household income of $74,500.
Carrying it typically needs a household income of about $87,705 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)
$449,000· $204/ft²
For sale
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Financing
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