ON
Smiths Falls
K7A3N2
66 QUEEN Street
66 QUEEN Street, Smiths Falls, ON K7A3N2
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Listing Type
Multi Family
Listing Status
Active
38
$1,200,000

Home Details for 66 QUEEN Street

Price
$1,200,000
Type
Residential Income
Total Bathrooms
6
Lot size acres
0.3
Listing #
X13000028
Property 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, cash cow. Please contact Brad Closs for more information or to arrange a viewing. (id:31684)

Property Features
  • Heating Information
    • Hot Water
    • Radiant
    • Natural Gas
  • Cooling Information
    • None
Listing Courtesy: RE/MAX HALLMARK REALTY GROUP
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Kate Hoekstra
License #: 5012081
Franchisee
Office
647 618 3158
Agent
647 618 3158
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