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.
Address
66 Queen Street
List Price
$1,150,000
MLS® Status
Price Change
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Smiths Falls
Sub-Area
901 - Smiths Falls
Region
Lanark
Bathrooms
6
Lot Depth
120
Lot Type
Building
Lot Size Units
Feet
Lot Width
105
Parcel Number
052760047
Total Building Area
0.3
Occupant Type
Tenant
Cross Street
Queen St & Lorne St
Approx. Age
51 - 99 Years
MLS® Number
X13000028
Listing Brokerage
RE/MAX HALLMARK REALTY GROUP
Basement
No
Postal Code
K7A 3N2
Posession Details
To Be Arranged
Tax Amount
$8,903.81
Tax Year
2025
Property Management Company
N/A
Site Influences
Major Highway
Community Features
Major Highway
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
No
UFFI
No
Garage Type
None
Security Features
No
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