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:13843)
| MLS # | X13816998 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 29 |
| Listing Provided By | ROYAL LEPAGE INTEGRITY REALTY | Monty Bhardwaj |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,500 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | C1 |
| Cooling | Central air conditioning |
|---|---|
| Heating | Baseboard heaters, Electric, Natural gas |
| Appliances | Oven - Built-In |
| Fireplace Yes / No | Yes |
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Poured Concrete |
| Parking Features | No Garage |
|---|---|
| Parking Total | 0 |
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
| Tax Annual Amount | 6133.41 |
|---|
| Province | ON |
|---|---|
| City | Smiths Falls |
| Postal Code | K7A2E6 |
| Listing VS Median (in K7A2E6) | |
Price: $449,999 low | high Med: $226,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $300 low | high Med: $151 On site: 29 low | high Med: 49.5 | |
| Province | ON |
|---|---|
| City | Smiths Falls |
| Postal Code | K7A2E6 |
| Listing VS Median (in K7A2E6) | |
Price: $449,999 low | high Med: $226,000 sqft: 1,500 low | high Med: 1,500 $ / sqft: $300 low | high Med: $151 On site: 29 low | high Med: 49.5 | |