$579,999
FOR SALE

Commercial/Retail

Lot: 43.17 x 32.08 ft

34 Market Street N
Smiths Falls, ON K7A 2E6

Offered at $579,999, this turn-key mixed-use triplex enjoys a prime downtown location in the vibrant heart of Smiths Falls (Walk Score 90), just one property from the corner and perfectly positioned for strong returns once fully leased. The property features a high-visibility 1,350 sq ft ground-floor retail space with contemporary finishes, large street-front display windows and excellent signage opportunities, projected to lease at $15 psf net ($1,675/month) on a true triple-net basis plus $8,614 in annual recoverable operating costs returned to the landlord, with hydro, gas and water separately metered or submetered to the tenant. The second floor offers two bright and spacious 2-bedroom, 1-bath apartments, each with its own private street-level entrance, brand-new flooring, contemporary LED lighting, fresh neutral paint, updated 3-piece bathrooms and brand-new in-suite washer and dryer; one unit includes brand-new kitchen appliances (oven, dishwasher and refrigerator), while the second offers clean, like-new appliances in excellent condition. Currently, the retail space and one residential unit are vacant and ready for tenancy, with the vacant apartment expected to command $1,830/month plus hydro and submetered water. There is no parking on site, but abundant free street parking is available directly out front. Pro-forma gross revenue (after a conservative 5% vacancy allowance) is projected at $65,952 annually, generating a Year-1 net operating income of $49,252 once stabilized and delivering a solid entry cap rate of 8.21% at the $579,999 list price. Located mere steps from cafés, restaurants, shops, the Rideau Canal and all downtown amenities, this low-maintenance, high-demand asset offers meaningful upside and long-term appreciation in one of Eastern Ontario's most charming and rapidly revitalizing towns. (id:47421)
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Listed By ROYAL LEPAGE INTEGRITY REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X12629028
Last Updated May 06, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Community 901 - Smiths Falls
Price History

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Detailed Information
Bathrooms 1
Lot 43.17 x 32.08 ft
Listing Contract Date 2025-12-11
Location Description Cross Streets: Russell St E. ** Directions: From Elmsley St S turn West onto Russell St E and then South onto Market St N.
Property Type Retail
Transaction Type For sale
Zoning Description Commercial
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Utility Water Municipal water
Land
Total Size 43.2 x 32.1 FT
Size of Irregular Land 43.2 x 32.1 FT

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