Property Description

Turnkey mixed-use asset with a 7.6% cap rate, delivering dependable commercial and residential cash flow. Situated along Beckwith Street North in the heart of downtown Smiths Falls, this fully tenanted investment offers stable, diversified income from both retail and residential tenancies. The property comprises approximately 3,176 sq. ft. of above-grade space, including ground-floor commercial space with basement access and a well-configured three-bedroom apartment above, all within a traditional main street building supported by flexible C1 zoning. Current gross annual income is approximately $55,200, generating a net operating income of approximately $38,338. Recent capital improvements in 2023, including the roof, windows, and doors, together with no reported deferred maintenance, further enhance the appeal of this well-maintained downtown holding with long-term upside in a strengthening secondary market. --- The sale of the property does not include the business. --- ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:7434)