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:2493)
Data was last updated April 28, 2026 at 03:45 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,200,000
Min list price:
$299,000
Max list price:
$1,200,000
Avg days on market:
12
Min days on market:
6
Max days on market:
905
Avg price per sq.ft.:
$273.71
These statistics are generated based on the current listing's property type
and located in
901 - Smiths Falls. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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