66 QUEEN Street, Smiths Falls, ON K7A 3N2
Smiths Falls, ON K7A 3N2
About this property
This fully tenanted 6-unit apartment building sits on a generously sized lot, backing directly onto the UNESCO World Heritage Site, the Rideau Canal-offering access to scenic walking trails and outdoor recreation. Located in a quiet, residential neighbourhood known for its charm and upscale character, the property is just two blocks from the main business district and all amenities in the revitalized downtown core. The building offers beautiful canal views, specifically from the second-floor balcony, and attracts quality tenants due to its desirable surroundings. All tenants pay their own heat and hydro, with gas heating in place. Ample parking is available, with space for approximately two vehicles per unit. Current rental income is as follows: Unit 1: $871, Unit 2: $847, Unit 3: $1,896, Unit 4: $1,090, Unit 5: $1,800, Unit 6: $1,800. With strong existing cash flow and significant upside potential to increase rents, this property presents an excellent opportunity for investors seeking long-term growth and reliable returns. Two 3-bed units & four 2 bed units, New Roof April/2022, Cash Cow.
Property facts & features
- Property type
- Investment
- MLS® number
- X13000028
- Source status
- Extension
- Bedrooms
- Not provided
- Bathrooms
- 6
- Reported interior area
- 0.3
- Neighbourhood
- Not provided
- Postal code
- K7A 3N2
- Garage
- None
- Lot depth (source units)
- 120
- Annual property tax
- 8903.81
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
Extension · $1,150,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Smiths Falls →Listing brokerage: RE/MAX HALLMARK REALTY GROUP. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13000028. Information deemed reliable but not guaranteed.