34 Market Street, Smiths Falls, ON K7A 2E6
Smiths Falls, ON, K7A 2E6 · 901 - Smiths Falls
About this property
Turn-Key Income TRIPLEX in the Heart of Smiths Falls - Attention investors: this fully renovated mixed-use triplex sits just steps from the Rideau Canal and downtown core, and it's built to perform - and a cap rate over 9.75%. With two vacant units, you set the rents - or occupy one yourself and let the building carry the mortgage. The main floor commercial unit offers high street visibility and was most recently leased to an established medical/spa tenant, proof this address draws quality commercial traffic. Run your own business here, or hold it as stable, professional-grade rental income. Above, two newly renovated residential units are finished with modern fixtures and brand-new appliances. One unit features in-suite laundry - a rare amenity in this price point that commands premium rent and keeps good tenants renewing year after year.This is a rare chance to own a prime, income-generating asset in one of the region's fastest-growing communities - immediate cash flow, low-maintenance renovated units, and long-term upside all in one address.
Features & Amenities
- Basement: Crawl Space
- Garage: None
- Cooling: Central Air
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick, Metal/Steel Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Basement | Crawl Space |
| Garage | None |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $6,133 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Built-In Oven, Carpet Free
- Fireplace
- Yes
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Metal/Steel Siding
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Rolled
- Basement
- Crawl Space
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 0.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 30.00
- Lot Width
- 47.00
Financial & Tax
- Tax Annual Amount
- $6,133
- Tax Year
- 2025
- Possession Type
- Immediate
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 18
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Lanark
- Cross Street
- Russell Street East
- Directions
- From Elmsley St S turn West onto Russell St E and then South onto Market St N.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox