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:47153)
| MLS® Number | X13521820 |
| Property Type | Retail |
| Community Name | 901 - Smiths Falls |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Baseboard Heaters |
| Size Interior | 2,200 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 60 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 60 Ft |
| Size Total Text | 40 X 60 Ft |
| Zoning Description | Commercial/residential |
https://www.realtor.ca/real-estate/29988539/18-market-street-n-smiths-falls-901-smiths-falls
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