For Sale Multi-Family

34 Market Street

$499,999 Est. $2,214/mo ↓

Smiths Falls, Ontario K7A 2E6

4 Bedrooms
4 Bathrooms
1,500 - 2,000 sqft Interior
47 X 30 Ft Lot size
5 days ago Listed
Virtual tour Fireplace Central Air Conditioning Baseboard Heaters

About this home

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. (id:28469)

Virtual tour

Facts & features

Property

MLS® Number
X13816998
Property Type
Multi-family
Community Name
901 - Smiths Falls
Equipment Type
Water Heater
Features
Carpet Free
Rental Equipment Type
Water Heater

Building

Bathroom Total
4
Bedrooms Above Ground
4
Bedrooms Total
4
Appliances
Oven - Built-in
Basement Type
Crawl Space
Cooling Type
Central Air Conditioning
Exterior Finish
Brick, Steel
Fireplace Present
Yes
Foundation Type
Poured Concrete
Half Bath Total
2
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters
Stories Total
2
Size Interior
1,500 - 2,000 Sqft
Type
Triplex
Utility Water
Municipal Water

Parking

No Garage
—

Land

Acreage
No
Sewer
Sanitary Sewer
Size Depth
30 Ft
Size Frontage
47 Ft
Size Irregular
47 X 30 Ft
Size Total Text
47 X 30 Ft
Zoning Description
C1

Utilities

Cable
Available
Electricity
Available
Sewer
Available

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$2,214/mo
Ontario land transfer tax
$6,475 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Smiths Falls market

86 Active listings
$436,250 Median asking price
15% above median This home
36 days Avg. time on market
Browse all Smiths Falls listings →

Rooms

Second Level

  • Kitchen 3.4 m x 2.01 m
  • Living Room 3.66 m x 3.63 m
  • Partial Bathroom 1.78 m x 1.17 m
  • Bedroom 3.48 m x 2.03 m
  • Bedroom 2 3.48 m x 2.59 m
  • Kitchen 3.61 m x 3.07 m
  • Living Room 3.81 m x 2.69 m
  • Bathroom 1.3 m x 1.52 m
  • Bedroom 3.28 m x 3.23 m

Ground Level

  • Office 3.58 m x 3.35 m
  • Office 2.95 m x 2.21 m
  • Office 4.57 m x 2.46 m
  • Partial Bathroom 2.16 m x 1.8 m
  • Partial Bathroom 2.39 m x 1.8 m

Location

34 Market Street, Smiths Falls, Ontario K7A 2E6  ·  Get directions

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