The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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). There are 3 off-street parking stalls plus on-street parking. A solid investment opportunity.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,640/mo
Mortgage (principal + interest)$2,431
Property taxFrom listing: $14,501/yr$1,208
Minimum $39,990 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$129,980
Ontario land transfer taxProvincial brackets, no first-time refund$9,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$142,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Smiths Falls has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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