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Main Photo:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 1:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 2:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 3:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 4:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 5:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 6:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 7:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 8:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 9:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Photo 10:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12123560
Remarkable Investment Opportunity in Ontario. We are pleased to present an exceptional commercial listing featuring a well-maintained 33-unit apartment building, complemented by an impressive 6,000 square feet of prime retail space. This unique property offers investors a rare chance to own a diversified income-generating asset in a thriving neighborhood.With a cap rate exceeding 5.25%, this property highlights upside in returns and robust cash flow. The apartment units 65%+ leased with strong demand, ensuring a stable residential income stream. The strategically located retail space enhances versatility and provides additional revenue potential, making it an attractive asset for both experienced investors and newcomers. Situated in an area with increasing demand for housing and retail services, this property stands out as a high-value investment. Key amenities, including public transportation, schools, and shopping centers, are within close proximity to attract qualified tenants. "Deadline for Offers, May 13 at 5:00pm"
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
26199 sq. ft. Square Feet
Total Area:
26,199 sq. ft.
Retail Area:
6000 sq. ft. Sq Ft
Depth:
211'9¼"
Frontage:
165'5"
Water supply:
Municipal
Zoning:
c1
Heating type:
Other
Garage:
Underground
Parking Spaces:
50
Possession Details:
negotiable
HST Applicable To Sale Price:
Included In
Assessment:
$5,304,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$15,453.34 / 2024
Assessment:
$5,304,000.00 / 2025
Smiths Falls
901 - Smiths Falls
Lanark
Yes
Utilities:
Available
Air Conditioning:
Partial
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$760,800
Net Income Before Debt:
$766,000
Expenses Actual/Estimated:
Estimated
Heating Expenses:
$3,100
Insurance Expenses:
$23,000
Management Expenses:
$27,000
Operating Expenses:
$127,263
Year Expenses:
2025
Maintenace Expenses:
$13,000
Vacancy Allowance:
3
Category:
Apartment
Franchise:
No
Days Open:
Open 7 Days
Hours Open:
24 Hours
Chattels:
Yes
LLBO:
No
Date Listed:
May 05, 2025
Original Price:
Previous Price:
  • Photo 1:  in Lanark: 901 - Smiths Falls Commercial for sale (Smiths Falls)  : MLS®# X12123560
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Listed by MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES CANADA INC.
Data was last updated May 23, 2025 at 04:15 PM (UTC)
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