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)
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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
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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.