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$ 475,000
Est. payment | /mo
1,800 SqFt
$ 475,000
Est. payment | /mo
1,800 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $263
Subdivision 901 - Smiths Falls
MLS® Listing ID X12492486
Source Ottawa Real Estate Board
Property Description
Prime mixed-use income property in the heart of downtown Smiths Falls on the newly revitalized Beckwith Street! Featuring a fully leased 900 sq ft street-level commercial unit (bringing in $1,700 + HST per month, with rent increasing by $50 annually until 2029) and two vacant residential suites above and behind: A bright 1-bedroom apartment (previously rented for $1,650/month) and a private bachelor with separate entrance. Opportunity to chose your tenants and set price yourself. Recent upgrades include a new roof membrane with 3" insulation (2025, $30K), two new hot water tanks (2024), and natural gas forced-air heating. Ideal setup for investors or owner-occupiers seeking steady rental income.Projected gross income over $54,000 annually with a strong 9% cap rate and potential to increase. Municipal water & sewer, both street and read parking and amazing visibility on a beautiful upscale street. A rare opportunity to own a solid cash flowing property with strong value-add potential in the heart of downtown Smiths Falls. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by REAL BROKER ONTARIO LTD.