34 Market Street
Smiths Falls, ON
- 4 bed
- 4 bath
- approx. 1500-2000 sqft
- Triplex
Turn-Key Income TRIPLEX in the Heart of Smiths Falls - Attention investors: this fully renovated mixed-use triplex sits just steps from the Rideau Canal and downtown core, and it's built to perform - and a cap rate over 9.75%. With two vacant units, you set the rents - or occupy one yourself and let the building carry the mortgage. The main floor commercial unit offers high street visibility and was most recently leased to an established medical/spa tenant, proof this address draws quality commercial traffic. Run your own business here, or hold it as stable, professional-grade rental income. Above, two newly renovated residential units are finished with modern fixtures and brand-new appliances. One unit features in-suite laundry - a rare amenity in this price point that commands premium rent and keeps good tenants renewing year after year.This is a rare chance to own a prime, income-generating asset in one of the region's fastest-growing communities - immediate cash flow, low-maintenance renovated units, and long-term upside all in one address.
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Listing Details
- Taxes (2025)
- $6,133
- Originally Listed
- $499,999
- Listed
- September 22, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Brick, Metal/Steel Siding
- Roof
- Asphalt Rolled
- Foundation
- Poured Concrete
- Interior
- Built-In Oven, Carpet Free
- Lot Size
- 47 x 30 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Russell Street East
- Zoning
- C1
- Parcel Number
- 052770026
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Rental Items
- Hot Water Tank x 3
Schools
Elementary
- St Francis de Sales Separate School0.1 km
Catholic · CDSB of Eastern Ontario · 430 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Duncan J Schoular Public School0.7 km
Public · Upper Canada DSB · 380 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 15% met the provincial standard
- St. Luke Catholic School1.6 km
Catholic · CDSB of Eastern Ontario
Secondary
- St. James Catholic Education Centre High School0.2 km
Catholic · CDSB of Eastern Ontario
- St. Luke Catholic High School1.6 km
Catholic · CDSB of Eastern Ontario · 110 students
Grade 10 literacy: 19% met the provincial standard
- Smiths Falls District Collegiate Institute1.8 km
Public · Upper Canada DSB · 700 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Smiths Falls · last 12 months
- Median sold price
- $379,500
- Homes sold
- 155
- Median days on market
- 36
- Sale-to-list price
- 96.7%
Based on 155 recorded sales of residential freehold properties in Smiths Falls over the last 12 months.
Rooms
2 × 3-piece on Second, 2 × 2-piece on Lower
Second
- Bathroom4'3" x 5'
- Bedroom10'9" x 10'7"
- Bedroom11'5" x 6'8"
- Bedroom 211'5" x 8'6"
- Kitchen11'10" x 10'1"
- Kitchen11'2" x 6'7"
- Living Room12' x 11'11"
- Living Room12'6" x 8'10"
- Powder Room5'10" x 3'10"
Ground
- Common Room21'8" x 4'10"
- Common Room15'2" x 7'
- Office9'8" x 7'3"
- Office11'9" x 11'
- Office15' x 8'1"
- Powder Room7'1" x 5'11"
- Powder Room7'10" x 5'11"
Listed by
ROYAL LEPAGE INTEGRITY REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
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Mortgage Calculator
$90,000
Estimated Monthly Payment
$2,211
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,211/mo (20% down, 5.5%)
Taxes: $511/mo · Insurance: $112/mo
Estimates only. Consult a financial advisor.
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