18 MARKET STREET N
Smiths Falls, Ontario
MLS® X13521820
$449,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13521820
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 5Listing 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.
Property summary
- MLS® number
- X13521820
- Property type
- Retail
- Size
- 2,200 sq ft
- Land size
- 40 x 60 FT
- Annual property taxes
- $7,310.00
- Days on market
- 88 days
Features & details
- Heating
- Baseboard heaters, Forced air, Natural gas
- Cooling
- None
What would this home cost you?
Based on the $449,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 SYNERGY REALTY INC., OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.