7 Russell Street W, Smiths Falls, Ontario K7A 1N8

Listed for:
$699,900
0 beds
0 baths
Listed 9 days ago
7 Russell Street W, Smiths Falls, Ontario K7A 1N8

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About

Cross Streets: Russell & Beckwith. ** Directions: From downtown Smiths Falls turn west onto Russell St and you have reached your destination on the left. 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. (id:27476)

Property Highlights

MLS® Number
X12921558
Type
Retail
Community Name
901 - Smiths Falls
Land Size
Bldg=58.96 x 120.1 FT
Parking Space Total
3

Building

Square Footage
7562 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Partially air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
RE/MAX AFFILIATES MARQUIS
MLS® number:
X12921558
Agent:
John Gray
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