8 BECKWITH STREET N
Smiths Falls, Ontario
MLS® X13634224
$500,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13634224
- Bedrooms
- —
- Bathrooms
- 3
- Year built
- —
Listing 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 in 2023, including 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.
Property summary
- MLS® number
- X13634224
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Size
- 3,176 sq ft
- Land size
- Bldg=28 x 57 FT
- Annual property taxes
- $7,531.80
- Days on market
- 56 days
Features & details
- Heating
- Hot water radiator heat, Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $500,000 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 RE/MAX HALLMARK REALTY GROUP, 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.