7 RUSSELL Street
Smiths Falls, ON
- 7,562 sqft
- Commercial Retail
- 176 days on market
Well maintained mixed Commercial/Retail and Residential opportunity in the heart of Smiths Falls core. This courtyard environment offers a unique access to 5 retail units, 1 upper residential apartment plus a large vacant upper unit that could be used as residential with some work or as is as a large office and board room. Well established tenants with complimenting businesses. Tenants paying own utilities. Good annual return and solid investment here. Seller wishes to be respectful to the good tenants. Showings preferred after 5:00 weekdays or Sundays (as most are closed then). TPO roofing replaced in (2017), Shingles (2021), Electrical service updated to 400 amp (2021), new water and sewer line to building 2017, café refurbished (2016), Upper apartment renovated (2024) plus many small items addressed. Seller's have been very attentive and appreciated by tenants. Low turnover as results. Unit A 800 sqft retail, Unit B 530 sq ft upper apartment, Unit C 250 sqft retail. Unit D 700 sqft retail, Unit E 1000 sqft café, Unit F 1000 sqft retail, Unit G 1600 sqft upper vacant unit. (offers additional space to rent out or possibly an owner-occupied residence). All measurements approx. to be confirmed by the Buyer. There are 3 off-street parking stalls plus on-street parking. A solid investment opportunity.
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Listing Details
- Taxes (2025)
- $14,501
- Originally Listed
- $699,900
- Listed
- March 25, 2026
Price History
Listing history
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Property
- Lot Size
- 58.96 x 120.1 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Russell & Beckwith
- Zoning
- Retail And Res
- Parcel Number
- 052800186
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 1177 Sq Ft
Community
Postal area K7A
- Population
- 17,575
- Private dwellings
- 7,814
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Smiths Falls · last 12 months
- Median sold price
- $380,000
- Homes sold
- 154
- Median days on market
- 41
- Sale-to-list price
- 96.5%
Based on 154 recorded sales of commercial properties in Smiths Falls over the last 12 months.
Listed by
RE/MAX AFFILIATES MARQUIS
Walk Score
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Location
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Commercial figures
- Building area
- 7,562 sq ft
- Price per sq ft
- $89.25
- Annual property tax
- $14,501
- Tax per sq ft
- $1.92
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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