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For sale
  • C$849,900

    151 Chambers St, Smiths Falls, ON K7A 2Z5

    8beds
    6baths
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    C$--/sqft
    C$-- HOA

    What's special

    On-site parking spots
    This well-maintained, fully tenanted multiplex presents a strong opportunity for investors seeking a reliable income property with clear upside. Zoned R4 and located within walking distance of downtown Smiths Falls, the building includes six residential units: two 2-bedroom apartments, three 1-bedroom units, and one bachelor suite. All units save the bachelor are separately metered, with those tenants paying their own hydro. All units are heated by electric baseboard, and domestic hot water is supplied via a shared natural gas hot water tank. Two units have been recently renovated, and windows have been updated as needed over time. The property has been owned and maintained by a respected local general contractor for over 30 years, reflecting consistent care and stewardship. Key systems, including windows and the roof, have been updated as necessary over the years. With a current net operating income of $42,070, the property delivers a cap rate of 4.95% based on existing rents. However, with rents well below market value, there is significant room for growth. A pro forma using typical local rents projects a cap rate of 7% or more, even with allowances for management and maintenance. The property includes six on-site parking spots and is located directly adjacent to a public park, with a baseball diamond just across the street. Only a short walk to the Rideau River, restaurants, shopping, and other amenities, this property combines stable income with long-term potential in one of Eastern Ontario's most accessible mid-size markets. Further photos and projected income analysis available upon request.
    51 days
    on Zillow
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    13
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    Zillow last checked: 7 hours ago

    Listing updated: July 17, 2025 at 08:32am

    Listed by:

    COLDWELL BANKER FIRST OTTAWA REALTY

    Source: TRREB,MLS®#: X12219098MLS LogoOriginating MLS®#: Ottawa Real Estate Board
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 6
    Heating
    • Baseboard, Electric
    Cooling
    • None
    Features
    • Other, Separate Hydro Meter, Separate Heating Controls
    • Basement: Full,Exposed Rock
    • Has fireplace: No
    Interior area
    • Living area range: 3500-5000 null

    Property

    Parking
    • Total spaces: 6
    • Parking features: Available, Private
    Features
    • Stories: 3
    • Patio & porch: Porch
    • Pool features: None
    • Has view: Yes
    • View description: Park/Greenbelt
    Lot
    • Size: 0.15 Square Feet
    • Features: Park, School Bus Route
    Details
    • Parcel number: 052660004

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Stone
    • Roof: Membrane,Asphalt Shingle,Metal

    Utilities & green energy

    • Sewer: Sewer

    Community & HOA

    Location
    • Region: Smiths Falls

    Financial & listing details

    • Annual tax amount: C$3,411
    • Date on market: 6/13/2025
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