66 Queen Street,Smiths Falls, ON K7A3N2
Smiths Falls, ON K7A3N2
Description
This fully tenanted 6-unit apartment building sits on a generously sized lot, backing directly onto the UNESCO World Heritage Site, the Rideau Canal-offering access to scenic walking trails and outdoor recreation. Located in a quiet, residential neighbourhood known for its charm and upscale character, the property is just two blocks from the main business district and all amenities in the revitalized downtown core. The building offers beautiful canal views, specifically from the second-floor balcony, and attracts quality tenants due to its desirable surroundings. All tenants pay their own heat and hydro, with gas heating in place. Ample parking is available, with space for approximately two vehicles per unit. Current rental income is as follows: Unit 1: $871, Unit 2: $847, Unit 3: $1,896, Unit 4: $1,090, Unit 5: $1,800, Unit 6: $1,800. With strong existing cash flow and significant upside potential to increase rents, this property presents an excellent opportunity for investors seeking long-term growth and reliable returns. Two 3-bed units & four 2 bed units, New Roof April/2022, Cash Cow. Please, contact Brad Closs for more information or to arrange a viewing. (id:13843)
Details
| MLS # | X13000028 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 128 |
| Listing Provided By | RE/MAX HALLMARK REALTY GROUP | Brad Closs |
Features
| Bath(s) | 6 Total |
|---|---|
| Zoning | C2 Commercial |
| Acreage | 0.30 |
Taxes
| Tax Annual Amount | 8903.81 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Smiths Falls |
| Postal Code | K7A3N2 |
| Listing VS Median (in K7A3N2) | |
Price: $1,150,000 low | high Med: $0 On site: 128 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Smiths Falls |
| Postal Code | K7A3N2 |
| Listing VS Median (in K7A3N2) | |
Price: $1,150,000 low | high Med: $0 On site: 128 low | high Med: | |
