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:25961)
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Rooms
| Level | Type | Dimensions |
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Details
- Amenities Nearby: Highway
- Equipment: Water Heater
- Rental Equipment: Water Heater
- Transaction: For sale
- Zoning Description: C2 Commercial
Building
- Appliances: Dryer, Water Heater, Washer
- Cooling: None
- Fireplace Present: False
- Bathrooms (Total): 6
- Heating: Hot water radiator heat
- Heating Fuel: Natural gas
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Amenities: Highway
- Size Frontage: 105 ft
- Size Irregular: 0.3
- Size Total: 0.3 ac
Listing provided by RE/MAX HALLMARK REALTY GROUP
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 66 QUEEN STREET in Smiths Falls Ontario. It was last modified on April 15th, 2026. Contact Biju George to schedule a viewing or to discover other Smiths Falls real estate for sale.