43 BECKWITH STREET, Smiths Falls, Ontario, K7A2B4

Property Description

Prime mixed-use income property in the heart of downtown Smiths Falls on the newly revitalized Beckwith Street! Featuring a fully leased 900 sq ft street-level commercial unit (bringing in $1,700 + HST per month, with rent increasing by $50 annually until 2029) and two residential suites, 1 above and 1 behind: A bright 1-bedroom apartment (currenttly rented for $1,625/month plus hydro) and a vacant bachelor with separate entrance. Recent upgrades include a new roof membrane with 3" insulation (2025, $30K), two new hot water tanks (2024), and natural gas forced-air heating. Ideal setup for investors or owner-occupiers seeking steady rental income. Projected gross income over $54,000 annually with a strong 9% cap rate and potential to increase. Municipal water & sewer, both street and read parking and amazing visibility on a beautiful upscale street. A rare opportunity to own a solid cash flowing property with strong value-add potential in the heart of downtown Smiths Falls. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 1,800 sq ft (167.2 m²)
• Frontage: 18 ft (5.4 m)

Costs

• Annual Taxes: $3,392.54

Listing Provided by: REAL BROKER ONTARIO LTD.
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.