66 QUEEN Street, Smiths Falls, ON K7A 3N2
$1,150,000
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.
Property summary
Property
| Age | 51-99 |
| Lot width | 105 |
| Lot depth | 120 |
Building & Loading
| Clear height (ft) | 8 |
| Clear height (in) | 11 |
Power & Services
| Heating type | Gas Hot Water |
| Utilities | Yes |
Residential
| Bathrooms | 6 |
Zoning & Taxes
| Taxes / yr | $8,904 |
| Tax year | 2025 |
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Data provided by TRREB. Listed by RE/MAX HALLMARK REALTY GROUP.