8 Russell Street E Smiths Falls, Ontario K7A 1E8

$519,900

This landmark property is hitting the market for the first time in 35 years! Nestled in the heart of Smiths Falls, this charming brick building offers a prime downtown location amidst the bustling shops of Russell Street, and is a cornerstone of this eclectic community. Surrounded by boutique shops, eateries, a live music venue, spa, barbershop, and trendy hair salons, this property is anchored by a renowned, long-standing store that has become a local institution and a must-visit destination for residents and visitors alike. Two renovated apartments on the second floor consisting of a 1 bed/1bath unit & a 2 bed/1bath unit. Enjoy two parking spaces at rear of building. With a 6% cap rate & TOI of $31,058.06, this is a lucrative opportunity for an astute investor seeking a reliable income stream or an entrepreneur eager to make your mark. Join the dynamic mix of businesses that make this street a hub of activity and commerce. Don't miss this rare chance to own a piece of local history! (id:37072)

Property Details

Building

Land

https://www.realtor.ca/real-estate/27017847/8-russell-street-e-smiths-falls-downtown-smiths-falls