$500,000
Available - For Sale
Listing ID: X13500348
8 Beckwith Street North , Smiths Falls, K7A 2B1, Lanark
| Turnkey mixed-use asset with a 7.6% cap rate, delivering dependable commercial and residential cash flow. Situated along Beckwith Street North in the heart of downtown Smiths Falls, this fully tenanted investment offers stable, diversified income from both retail and residential tenancies. The property comprises approximately 3,176 sq. ft. of above-grade space, including ground-floor commercial space with basement access and a well-configured three-bedroom apartment above, all within a traditional main street building supported by flexible C1 zoning. Current gross annual income is approximately $55,200, generating a net operating income of approximately $38,338. Recent capital improvements, including updates to the roof, windows, and doors, together with no reported deferred maintenance, further enhance the appeal of this well-maintained downtown holding with long-term upside in a strengthening secondary market. --- The sale of the property does not include the business. --- ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. |
| Price | $500,000 |
| Taxes: | $7531.80 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 8 Beckwith Street North , Smiths Falls, K7A 2B1, Lanark |
| Postal Code: | K7A 2B1 |
| Province/State: | Lanark |
| Legal Description: | PT LT 108 S/S WILLIAM ST PL 13884 LANARK |
| Directions/Cross Streets: | Main St W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Retail Store Related |
| Building Percentage: | F |
| Total Area: | 3176.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Financial Statement: | T |
| Water Expense: | $1200 |
| Net Income Before Debt: | $38338 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 3 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY GROUP |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Style: | |
| Lot Size: | x 57.00(Feet) |
| Approximate Age: | |
| Tax: | $7,531.8 |
| Maintenance Fee: | $0 |
| Beds: | 0 |
| Baths: | 3 |
| Garage: | 0 |
| Fireplace: | N |
| Air Conditioning: | |
| Pool: |
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