$1,150,000
( $88.00Per Sq Foot )
 $6,173 est/mo Sourced by Back At You

66 Queen Street,Smiths Falls, ON K7A 3N2

Smiths Falls, ON K7A 3N2

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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, New Roof April/2022, Cash Cow.

Details

MLS #X13000028
Listing TypeFor Sale
Sub-TypeResale
StatusExtension
Year0
Days On Site195
Listing Provided ByRE/MAX HALLMARK REALTY GROUP | X13000028 504301

Features

Bath(s)6
SQ Feet13,068
Acreage0.30

Interior

CoolingNo

Exterior

Community FeaturesMajor Highway
Security FeaturesNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount8903.81
Tax TypeAnnual
Tax Year2025

Area Information

ProvinceON
CountyLanark
CitySmiths Falls
Postal CodeK7A 3N2
Area901 Smiths Falls
Listing VS Median (in K7A 3N2)
Price:
$1,150,000
low | high
Med:
$1,150,000
50% of Average
sqft:
13,068
low | high
Med:
13,068
50% of Average
$ / sqft:
$88
low | high
Med:
$88
50% of Average
On site:
195
low | high
Med:
195
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

Saira Nagi

Saira Nagi

Coldwell Banker The Real Estate Centre

 (647) 236-6244snagi.realestate@gmail.com
ProvinceON
CountyLanark
CitySmiths Falls
Postal CodeK7A 3N2
Area901 Smiths Falls
Listing VS Median (in K7A 3N2)
Price:
$1,150,000
low | high
Med:
$1,150,000
50% of Average
sqft:
13,068
low | high
Med:
13,068
50% of Average
$ / sqft:
$88
low | high
Med:
$88
50% of Average
On site:
195
low | high
Med:
195
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $862K - $1.437M
sqft: 9,500 - 16,000
Nearby Listings Property ImageNearby Listings Details
40 Main Street E Property Photo 1
$999,888
40 Main Street E
Smiths Falls, ON K7A 1A4
Listing Updated: October 16, 2026 at 2:54:02 PM PDT