66 Queen Street, Smiths Falls
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. (id:1945)
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Property details for 66 Queen Street, Smiths Falls
- Type
- Multi-family
- Bathrooms
- 6
- Lot Size
- 0.3
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- None
- Annual Taxes
- $8,904
Nearby Listings Stat
Estimated price and comparable properties near 66 Queen Street
Active Listings
1
Min Price
$1,150,000
Max Price
$1,150,000
Avg Price
$1,150,000
Days on Market
155
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Smiths Falls, Ontario
Population
498
Median Age
41.8
Median Income
$27,136
Dwelling Value
$170,900
Housing Tenure
Owners 44%
Renters 56%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 2,819.9/km²
Avg Shelter Cost: $1,419/mo
Owners with Mortgage: 93.8%
Owners Spending 30%+: 23.5%
Tenants Spending 30%+: 47.6%
English only: 86.9%
English and French: 13.1%
Median Household Income: $45,888
Median Employment Income: $23,104
Price History
Listed
April 15, 2026
by RE/MAX HALLMARK REALTY GROUP
Current Price
$1,150,000
-4.2% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,150,000 | $50,000 (-4.2%) |
| Jun 24, 2026 | $1,200,000 | Listed |
