4-6 Russell Street East, Smiths Falls | Image 1

4-6 Russell Street East

Smiths Falls, 901 - Smiths Falls

  • Commercial

$1,200,000
For Sale

Added 1 day ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: C1

  • Age: No Data

  • Taxes: 10021.88

  • MLS®#: X11946453

  • Days on Site: 1 Days

  • Added: Jan 28, 2025 (1 day ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: REAL BROKER ONTARIO LTD.

Prime Investment Opportunity in the Heart of growing Smiths Falls! Seize this rare chance to own an almost, fully tenanted mixed-use building on a bustling street in Smiths Falls! This well-maintained property offers two commercial units, both occupied by fantastic long-term tenants, providing stable income for the landlord. Above, you'll find four updated and modern 2 bedroom apartments, 3 of which are currently tenanted at market rent, ensuring consistent cash flow. The fourth unit is vacant, offering the perfect opportunity for an investor to move in while benefiting from the income of the remaining units. Each apartment has been renovated, bright, and well-maintained, offering a clean and safe living space. With a strong rental history and prime location on a high-traffic street, this property is a turnkey investment ideal for seasoned investors or owner-occupiers looking to offset their mortgage with steady rental income. Don't miss out on this income-generating gem! Contact us today for financials and to schedule a private viewing. Commercial space may only be viewed during the retailers business hours.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 93052

  • Area: Smiths Falls

  • Community: 901 - Smiths Falls

  • Availability Date: TBA

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Heat Type: Baseboard

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $10,022

  • Expenses: Act

  • Insurance Fee: 5420

  • Taxes Type: Annual

  • Taxes: 10921

Land

  • Cross Street: Russell St & Brockvi

  • Municipality District: Smiths Falls

  • Parcel Number: 052770017

  • Lot Depth: 105 Feet

  • Lot Frontage: 50 Feet

  • Zoning: C1

Commercial Specific

  • Total Area: 5000

  • Total Area Metric: Sq Ft

  • Lot Code: Building

Map of 4-6 Russell Street East, Smiths Falls
7-8

Hanley Hall Catholic Elementary School

Elementary: Catholic
0.58 km
7-8

St. Luke Catholic School

Elementary: Catholic
1.67 km
4-8

St Francis de Sales Separate School

Elementary: Catholic
0.22 km
JK-8

Duncan J Schoular Public School

Elementary: Public
0.80 km
JK-3

St James the Greater Separate School

Elementary: Catholic
0.98 km
JK-8

Chimo Elementary School

Elementary: Public
1.73 km
9-12

Hanley Hall Catholic High School

Secondary: Catholic
0.28 km
9-12

St. Luke Catholic High School

Secondary: Catholic
1.65 km
9-12

Perth and District Collegiate Institute

Secondary: Public
18.07 km
9-12

Carleton Place High School

Secondary: Public
27.68 km
9-12

St John Catholic High School

Secondary: Catholic
18.31 km
9-12

Smiths Falls District Collegiate Institute

Secondary: Public
1.83 km