34 Market Street, Smiths Falls, ON K7A 2E6

$499,999
4
BD
4
BA
1,500
SqFt

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List Price
$499,999
MLS#
X13816998
Status
ACTIVE
Type
Multifamily
SubType
Triplex
Style
2-Storey
Bedrooms
4
Bathrooms
4
Living Area
1500-2000
Province
ON
Municipality
Smiths Falls
Area
Lanark
Neighborhood
901 - Smiths Falls
Subdivision
Russell Street East

Property Description

Turn-Key Income TRIPLEX in the Heart of Smiths Falls - Attention investors: this fully renovated mixed-use triplex sits just steps from the Rideau Canal and downtown core, and it's built to perform - and a cap rate over 9.75%. With two vacant units, you set the rents - or occupy one yourself and let the building carry the mortgage. The main floor commercial unit offers high street visibility and was most recently leased to an established medical/spa tenant, proof this address draws quality commercial traffic. Run your own business here, or hold it as stable, professional-grade rental income. Above, two newly renovated residential units are finished with modern fixtures and brand-new appliances. One unit features in-suite laundry - a rare amenity in this price point that commands premium rent and keeps good tenants renewing year after year.This is a rare chance to own a prime, income-generating asset in one of the region's fastest-growing communities - immediate cash flow, low-maintenance renovated units, and long-term upside all in one address.

Additional Information

Taxes
$6,133
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Central Air
Kitchens
2
Exterior
Brick, Metal/Steel Siding
Garage Type
None
Pool
None

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Calculator source: Real Geeks

Listing courtesy of ROYAL LEPAGE INTEGRITY REALTY.