66 QUEEN STREET, Smiths Falls, Ontario, K7A3N2
MLS: X13000028 | Multi-Family
$1,200,000
Property Description
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, cash cow. Please, contact Brad Closs for more information or to arrange a viewing. (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: None
- Bathrooms: 6
- Attached: Yes
- Lot Size: 0.3000 acres (0.12 ha)
- Frontage: 105 ft (32 m)
Costs
- Annual Taxes: $8,903.81
Listing Provided by: RE/MAX HALLMARK REALTY GROUP
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Hot water radiator heat, Natural gas
- Cooling: None
- Appliances: Washer, Dryer, Water Heater
Exterior & Construction
- Water: Municipal water
Lot & Land
- Lot Size: 0.3000 acres (0.12 ha)
- Frontage: 105 ft (32 m)
- Zoning: C2 Commercial
Community & Neighbourhood
- Neighbourhood: 901 - Smiths Falls
Listing Information
Listing History
MLS listing activity for 66 QUEEN STREET, Smiths Falls, Ontario, K7A3N2 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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66 QUEEN STREET, Smiths Falls, Ontario, K7A3N2