About Property

Prime mixed-use income property in the heart of downtown Smiths Falls! Featuring a fully leased 900 sq ft street-level commercial unit and two vacant residential suites above and behind - a bright 1-bedroom apartment and a private bachelor with separate entrance. 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 returns by converting the bachelor to a 2-bedroom. Located on revitalized Beckwith Street, steps to cafés, restaurants, shops, the Rideau River, and VIA Rail station. Street and rear parking, municipal services, and reliable tenants make this a turnkey opportunity downtown.

Features