18 MARKET STREET N, Smiths Falls, ON K7A2E3
18 MARKET STREET N, Smiths Falls, ON K7A2E3
18 MARKET STREET N, Smiths Falls, ON K7A2E3
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Dan Jutai

Dan Jutai

+1(613) 818-6227
$449,000
Est. payment /mo
2,200 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2200

Square Footage 2,200 sqft

Price per Sqft $204

Subdivision 901 - Smiths Falls

MLS® Listing ID X13521820

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air, Baseboard heaters,

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

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Dan Jutai

Dan Jutai

+1(613) 818-6227

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