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$475,000
Est. payment /mo
Price Dropped by $24K
43 BECKWITH ST Smiths Falls, ON K7A 2B4
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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
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.
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