66 Queen St - Apartments FOR SALE


Smiths Falls, ON K7A 3N2
$1,150,000 CAD
613-236-5959

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$1,150,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

66 Queen St
Smiths Falls, ON K7A 3N2


HIGHLIGHTS

  • Prominent downtown location surrounded by established businesses, services, and community amenities.
  • Convenient access to Highway 15 and Highway 29 supports connectivity throughout the region.
  • Positioned within Smiths Falls’ commercial core, benefiting from steady local and visitor activity.
  • Walkable setting near retail, dining, financial institutions, and municipal services.

OVERVIEW

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. Please, contact Brad Closs for more information or to arrange a viewing. (

FOR SALE DETAILS

PRICE

$1,150,000 CAD

PRICE/SF

$192 CAD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C2

APN/PARCEL ID

90402002517300

ASK ABOUT THIS PROPERTY

Brad ClossRE/MAX Hallmark Realty GroupMore Info
613-236-5959

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Brad ClossRE/MAX Hallmark Realty GroupMore Info
613-236-5959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.