66 QUEEN Street
Smiths Falls, ON
- 6 bath
- 0.3 sqft
- Investment
- 144 days on market
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. Please, contact Brad Closs for more information or to arrange a viewing.
Listing Details
- Taxes (2025)
- $8,904
- Originally Listed
- $1,200,000
- Listed
- April 14, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 105 x 120 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Queen St & Lorne St
- Zoning
- C2 Commercial
- Parcel Number
- 052760047
- Possession
- 30-59 days
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- 6 Refrigerators, 6 Stoves, 6 Washers, 6 Dryers, 2 Hot Water Tanks - gas (on demand)
- Exclusions
- Tenant's belongings
- Rental Items
- 4 Gas Hot Water Tanks
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
- 157
- Median days on market
- 41
- Sale-to-list price
- 96.6%
Based on 157 recorded sales of commercial properties in Smiths Falls over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY GROUP
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $8,904
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?