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$ 475,000
Est. payment /mo
Price Dropped by $24K
43 BECKWITH ST Smiths Falls, ON K7A 2B4
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 901 - Smiths Falls
MLS Listing ID X12492486
Annual Tax Amount $3,392
Tax Year 2025
Property Sub-Type Commercial Retail
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 vacant residential suites above and behind: A bright 1-bedroom apartment (previously rented for $1,650/month) and a private bachelor with separate entrance. Opportunity to chose your tenants and set price yourself. 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.
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 17.65
Lot Depth 74.46
Others
Security Features No
ParcelsYN No
Listed by REAL BROKER ONTARIO LTD.