Smiths Falls is GROWING! Don’t miss this opportunity to invest! Live upstairs in one of the 2-bedroom apartments available and work below or rent it all out! Ideal location in Downtown, close to all amenities. The storefront on the main level could be converted back to 2 units. Recent updates include a shower, flooring, and countertops in one unit in the spring of 2020. This is a fantastic location with loads of potential to start your investment journey or build your portfolio. 3 hydro meters, furnace approx ’05.

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Directions: Heading S on Highway 15 towards Smiths Falls, turn right onto Cornelia Street. Turn left on Elmsley Street then turn right onto Market Street. Address will be on the right, 34 Market Street.

LOT SIZE: 47′ x 30′

ASSESSMENT ROLL#: 0904020025065000000

LEGAL DESCRIPTION: PT LT 219 S/S RUSSELL ST PL 13884 LANARK S SOUTH ELMSLEY AS IN RS155032; T/W RS155032 TOWN OF SMITHS FALLS

PROPERTY TAXES: $6015.67 (2020)

ZONING: Commercial

AGE: 1850 Approx.

WATER: Municipal / Sewer Connected

STYLE: Commercial / Residential

FOUNDATION: Stacked Stone

EXTERIOR: Brick and Siding

HEAT: Natural Gas / Forced Air (Store) & Baseboard / Electric (Rental Units)

AIR CONDITIONING:  2 Window Units

INCLUSIONS: 

  • 2 Fridges
  • 2 Stoves
  • 2 Window A/C Units
  • 2 Hot Water Tanks

EXCLUSIONS: 

  • Store Inventory
  • Microwave
  • Keurig
  • Bar Fridge/Freezer
  • Cash Register
  • Shelving (anything not affixed)
  • Walk-in Freezer Door
  • Signage (open signs)
  • Display Tables

 

ANNUAL OPERATING EXPENSES

Heat, Hydro, Gas, Property Taxes, Property Insurance, Water

$14,475

 

MONTHLY INCOME:

Unit 1 – $600/month

Unit 2 – $1100/month

 

MEASUREMENTS: 

1ST FLOOR:

Commercial: 5’11” x 20’4″

Commercial: 27’10” x 18’10”

Commercial: 21’5″ x 23’6″

Storage: 12’7″ x 3′

Storage: 10’9″ x 3’5″

 

2ND FLOOR:

4pc Bath: 6’9″ x 5’1″

4pc Bath: 8’8″ x 4′

Bedroom: 12’5″ x 10’9″

Bedroom: 11’11” x 8’11”

Bedroom: 11’5″ x 7’8″

Bedroom: 11’4″ x 8’7″

Kitchen: 12’5″ x 11’9″

Kitchen: 11’10” x 10’1″

Living: 12’5″ x 8’9″

Living: 11’10” x 12

 

24 hour irrevocable on all offers.

 

THE INFORMATION CONTAINED HEREIN IS BELIEVED TO BE ACCURATE BUT IS NOT WARRANTED. MEASUREMENTS WERE DERIVED FROM ELECTRONIC MEANS.