$475,000
18 MARKET STREET N
Beds
—
Baths
—
Sqft
2,200
Year
—
Type
Retail
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Smiths Falls. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
BUILDING FOR SALE (NOT THE BUSINESS) Excellent Mixed-Use (fully rented) Investment Opportunity in the Heart of Smiths Falls. Welcome to a solid, income-generating mixed-use commercial building ideally located in the heart of Smiths Falls. This well-positioned property offers a diverse tenant mix with one commercial unit and four residential apartments, making it an excellent opportunity for investors seeking stable cash flow and future upside.The ground-floor commercial unit is approximately 1,000 sq. ft. and is currently rented at $785/month, offering strong street presence and visibility. The residential component includes four units: a ground-floor bachelor apartment renting for $540/month, a one-bedroom unit on the second floor renting for $895/month, and two spacious two-bedroom units on the second floor, each renting for $895/month. All rents are currently inclusive, providing ease of management. However, the building is equipped with five separate hydro meters, allowing a future owner the opportunity to transition utilities to tenant responsibility for improved operating efficiency and increased net income. The property features a combination of gas forced-air heating and electric baseboard heating, offering flexibility and redundancy. With its central location close to shops, services, and amenities, this property is well-positioned for long-term tenant demand. Whether you're looking to expand your investment portfolio or secure a mixed-use asset in a growing community, this Smiths Falls property offers strong income, flexibility, and upside potential. (id:65958)
- Subtype
- Retail
- Community
- 901 - Smiths Falls
- Living area
- 2,200 square feet
- Lot dimensions
- Bldg=39.65 x 60.7 FT
- Parking
- 2 total
- On market
- Jan 30, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $7,310 (2025)
- Zoning
- Commercial/Residential
- Photos
- 5
- MLS#
- X12743276
- Area
- SMITHS_FALLS
Features and systems
Heating
Cooling
Cash on cash
-6.78%
Cap rate
3.51%
GRM
16.5
Break-even rent
$2,965
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.