Turnkey mixed-use asset with a 7.6% cap rate, delivering dependable commercial and residential cash flow. Situated along Beckwith Street North in the heart of downtown Smiths Falls, this fully tenanted investment offers stable, diversified income from both retail and residential tenancies. The property comprises approximately 3,176 sq. ft. of above-grade space, including ground-floor commercial space with basement access and a well-configured three-bedroom apartment above, all within a traditional main street building supported by flexible C1 zoning. Current gross annual income is approximately $55,200, generating a net operating income of approximately $38,338. Recent capital improvements, including updates to the roof, windows, and doors, together with no reported deferred maintenance, further enhance the appeal of this well-maintained downtown holding with long-term upside in a strengthening secondary market. --- The sale of the property does not include the business. --- ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:37072)
| MLS® Number | X13634224 |
| Property Type | Retail |
| Community Name | 901 - Smiths Falls |
| BathroomTotal | 3 |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Hot Water Radiator Heat |
| SizeExterior | 3176 Sqft |
| SizeInterior | 3176 Sqft |
| Type | Residential Commercial Mix |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 57 Ft |
| SizeFrontage | 28 Ft |
| SizeIrregular | Bldg=28 X 57 Ft |
| SizeTotalText | Bldg=28 X 57 Ft |
| ZoningDescription | Dc - Downtown Core |
https://www.realtor.ca/real-estate/30110283/8-beckwith-street-n-smiths-falls-901-smiths-falls
Contact us for more information
Danny Morissette
Salesperson