ON > Lanark > 901 - Smiths Falls
Lanark, ON K7A 2B4,43 BECKWITH ST
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Lanark, ON K7A 2B4,43 BECKWITH ST
Lanark, ON K7A 2B4,43 BECKWITH ST
Lanark, ON K7A 2B4,43 BECKWITH ST
Lanark, ON K7A 2B4,43 BECKWITH ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 499,000
Est. payment /mo
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43 BECKWITH ST Lanark, ON K7A 2B4

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision 901 - Smiths Falls

MLS Listing ID X12492486

Annual Tax Amount $3,392

Tax Year 2025

Property Sub-Type Commercial Retail

Lot Depth 74.46

Lot Front 17.65

Property Description

Situated on the newly revitalized Beckwith Street, this mixed-use income property offers strong current returns and exceptional future potential. The main floor commercial tenant pays $1,700 + HST per month, with rent increasing by $50 annually until 2029, and covers all utilities.The upper one-bedroom apartment-previously rented for $1,650/month + utilities-is currently vacant and features a private entrance. The rear bachelor unit, also vacant with its own private entrance, presents significant upside. With an estimated $60,000 renovation, it could be converted into a two-bedroom apartment projected to rent for approximately $1,950/month.With these updates, the property's projected annual rental income could reach $54,000+, representing an impressive 9.02% cap rate. Additional highlights include a new roof membrane and 3" styrofoam insulation of $30,000, municipal water and sewer, and both street and rear parking. A rare opportunity to own a solid cash-flowing property with strong value-add potential in the heart of downtown Smiths Falls.

Location

Province ON

County Lanark

Community 901 - Smiths Falls

Area Lanark

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 17.65

Lot Depth 74.46

Others

Security Features No

ParcelsYN No

Listed by REAL BROKER ONTARIO LTD.
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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43 BECKWITH ST

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