8 RUSSELL

Home Details

Description

Back on market due to buyer financing. This landmark property is available for the first time in 35 years! Nestled in the heart of Smiths Falls, this charming brick building offers a prime downtown location amidst the bustling shops of Russell Street and is a cornerstone of this eclectic community. Surrounded by boutique shops, eateries, a live music venue, spa, barbershop and trendy hair salons, this property is anchored by a renowned, long-standing store that has become a local institution and a must-visit destination for residents and visitors alike. Two renovated apartments on the second floor consisting of a 1 bed/1bath unit & a 2 bed/1bath unit. Enjoy two parking spaces at rear of building. With a 6% cap rate, this is a lucrative opportunity for an investor seeking a reliable income stream or an entrepreneur eager to make your mark. Join the dynamic mix of businesses that make this street a hub of activity and commerce. Don't miss this rare chance to own a piece of local history! (id:39198)

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Additional media

https://youtu.be/Lu_BWCMph2s

Property taxes

$3,398.00 per year / $283.17 per month

Basement

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Year build

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Type

Retail

Bedrooms

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Bathrooms

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Parking spots

2 Total

Floor

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Balcony

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Pool

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External material

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Roof type

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Lot frontage

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Lot depth

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Heating

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Fire place(s)

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