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$ 500,000
Est. payment | /mo
3 Baths
$ 500,000
Est. payment | /mo
3 Baths
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 901 - Smiths Falls
MLS Listing ID X13500348
Annual Tax Amount $7,531
Tax Year 2026
Property Sub-Type Commercial Retail
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, including updates to 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.
Location
Province ON
County Lanark
Area Lanark
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 28.0
Lot Depth 57.0
Others
Security Features No
ParcelsYN No
Virtual Tour https://earth.google.com/web/@44.90008736,-76.0215133,123.32814912a,1000d,30y,0h,0t,0r/data=CgRCAggBMikKJwolCiExMHR5aXNwMGxKTnRIRDcxNHczMVpwRzRNc2RsSnN1NEQgAToDCgEwQgIIAEoICKz71bsEEAE
Listed by RE/MAX HALLMARK REALTY GROUP
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