$1,200,000
FOR SALE

Investment

Lot: 105 x 120 ft
2025 Taxes: $8,903.81

66 QUEEN St
Smiths Falls, ON K7A 3N2 | 901 - Smiths Falls | Lanark

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.
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Listed By RE/MAX HALLMARK REALTY GROUP
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13000028
Last Updated Apr 22, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - 6 To 12 Units
PIN 052760047
Possession Date To Be Arranged
Taxes (2025) $8,903.81
Directions/Cross Streets Queen St & Lorne St
Neighbourhood 901 - Smiths Falls
Area Lanark
Price History

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Detailed Information
Freestanding Y
Bathrooms 6
Lot 105 x 120 ft
Air Conditioning No
Chattels Y
Garage Type None
Heat Type Gas Hot Water
Financial Statement Y

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