18 Market Street N, Smiths Falls, ON K7A 2E3

About this property

5 PLEX BUILDING FOR SALE (NOT THE BUSINESS) 1-commercial unit and 4-apartment units. Excellent Mixed-Use (fully rented) Investment Opportunity in the Heart of Smiths Falls. Welcome to a solid, income-generating mixed-use commercial building ideally located in the heart of Smiths Falls. This well-positioned property offers a diverse tenant mix with one commercial unit and four residential apartments, making it an excellent opportunity for investors seeking stable cash flow and future upside.The ground-floor commercial unit is approximately 1,000 sq. ft. and is currently rented at $785/month, offering strong street presence and visibility. The residential component includes four units: a ground-floor bachelor apartment renting for $540/month, a one-bedroom unit on the second floor renting for $895/month, and two spacious two-bedroom units on the second floor, each renting for $895/month. All rents are currently inclusive, providing ease of management. However, the building is equipped with five separate hydro meters, allowing a future owner the opportunity to transition utilities to tenant responsibility for improved operating efficiency and increased net income. The property features a combination of gas forced-air heating and electric baseboard heating, offering flexibility and redundancy. With its central location close to shops, services, and amenities, this property is well-positioned for long-term tenant demand. Whether you're looking to expand your investment portfolio or secure a mixed-use asset in a growing community, this Smiths Falls property offers strong income, flexibility, and upside potential.

Property facts & features

Days on market

Not reported

Property type

Commercial Retail

MLS® number

X13521820

Source status

Price Change

Bedrooms

Not provided

Bathrooms

Not provided

Neighbourhood

Not provided

Postal code

K7A 2E3

Kitchens

Not reported

Family room / den

Not reported

Interior size

Not reported

Building area (total)

2,200 sq ft

Lot size

Not reported

Lot depth

60 ft

Garage parking spaces

Not reported

Total parking spaces

Not reported

Occupancy

Tenant

Possession type

Immediate

Garage

None

Annual property tax

7310

Basement

Not provided

Laundry

Not provided

Interior features

Not provided

Exterior features

Not provided

MLS entry age (not confirmed DOM)

121 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Utilities & included services

Reported utility services

Yes

Water source

Not reported

Sewer

Not reported

Heating system

Gas Forced Air Open

Heating fuel

Not reported

Cooling

No

Included in rent

Not reported

Included in maintenance

Not reported

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.