34 MARKET STREET NORTH

Smiths Falls, , K7A2E6, Canada

$579,999

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.

Last updated on : Wednesday 6th of May 2026 05:00:09 PM

ADDRESS

Street : 34 MARKET STREET NORTH

City : Smiths Falls

Country : Canada

Postal Code : K7A2E6

Open in Google Map

PROPERTY SUMMARY

Property ID : X12629028

Building Type : Other

Property Type : Retail

Bathrooms : 1

Similar Properties

Retail

215 MAIN STREET NORTH NORTH

North Glengarry, Ontario, K0C1A0

$1,800,000

property Type: Other

type: Sale

D.A. MACMILLAN
1 month ago

DETAILS

Retail

440 WATER STREET EAST EAST

Cornwall, Ontario, K6H1A6

$999,900

property Type: Residential Commercial Mix

type: Sale

Julian Hyams
8 hours ago

DETAILS

Retail

6859 HWY 620 HIGHWAY

Wollaston, Ontario, K0L1P0

$549,000

Beds: 2Baths: 1

property Type: Other

type: Sale

MAI LE
10 hours ago

DETAILS

Retail

5785-5787 COUNTY RD 17 ROAD

Alfred and Plantagenet, Ontario, K0B1L0

$579,900

property Type: Other

type: Sale

Eric Longpre
1 day ago

DETAILS

Retail

113-115 MONTREAL ROAD

Cornwall, Ontario, K6H1B2

$225,000

property Type: Other

type: Sale

SUE STEWART
1 week ago

DETAILS

Inquire about this property