$1,200,000
66 QUEEN STREET
Beds
—
Baths
6
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
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
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, New Roof April/2022, Cash Cow. Please, contact Brad Closs for more information or to arrange a viewing. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- 901 - Smiths Falls
- Living area
- 0
- Lot size
- 0.3 acres
- Lot dimensions
- 0.3
- On market
- Apr 15, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $8,903.81
- Zoning
- C2 Commercial
- Photos
- 38
- MLS#
- X13000028
- Area
- SMITHS_FALLS
Features and systems
Appliances
Heating
Cooling
Cash on cash
-6.47%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,362
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 22, 2026.