Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Heating Type: Hot water radiator heat
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Washer

Property Features:

Property Type: Multi-family
Bathrooms: 6
Amenities Nearby: Highway
Irregular: Yes
Lot Depth: 120 Feet
Lot Frontage: 105 Feet
Lot Size: 0.30 Acres
Zoning: C2 Commercial

Courtesy of: RE/MAX HALLMARK REALTY GROUP

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Demographic Information of 66 QUEEN STREET, Smiths Falls, Ontario, K7A 3N2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$84,775.80

Average Number of Children

1.89

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.56 %

High school certificate or equivalent

35.13 %

Apprenticeship trade certificate/diploma

4.16 %

College/non-university certificate

27.6 %

University certificate (below bachelor)

1.86 %

University Degree

3.69 %

Commuter

Travel To Work

By Car

90.6 %

By Public Transit

0.0 %

By Walking

7.41 %

By Bicycle

0.0 %

By Other Methods

1.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

9.72 %

Houses

90.28 %

66 QUEEN STREET, Smiths Falls, Ontario, K7A 3N2