$ 499,000
-
$499,000
Price -
0
Bed - Bath
-
1,800
SqFt
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About the Listing 502200 -
Situated on the newly revitalized Beckwith Street, this mixed-use income property offers strong current returns and exceptional future potential. The main floor commercial tenant pays $1,700 + HST per month, with rent increasing by $50 annually until 2029, and covers all utilities.The upper one-bedroom apartment-previously rented for $1,650/month + utilities-is currently vacant and features a private entrance. The rear bachelor unit, also vacant with its own private entrance, presents significant upside. With an estimated $60,000 renovation, it could be converted into a two-bedroom apartment projected to rent for approximately $1,950/month.With these updates, the property's projected annual rental income could reach $54,000+, representing an impressive 9.02% cap rate. Additional highlights include a new roof membrane and 3" styrofoam insulation of $30,000, municipal water and sewer, and both street and rear parking. A rare opportunity to own a solid cash-flowing property with strong value-add potential in the heart of downtown Smiths Falls.
Listing Highlights for 43 Beckwith St
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: No
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Street
Financial Details
- Tax Amount: $3,393
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
43 Beckwith St Smiths Falls, ON K7A 2B4
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