1 Queen Street, Smiths Falls, ON

$529,900
MLS#:X12062353
6 beds
3 baths
2500-3000 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] triplex located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $529,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
  • Generous living space spanning 2500-3000 sqft on a premium 64 x 120 ft lot
  • Features a ["unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater, Separate Hydro Meter
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

TRIPLEX Welcome to 1 Queen Street! Discover this incredible investment opportunity in the ever-growing, family-friendly community of Smiths Falls. This Victorian triplex with a detached, double car garage, boasts three spacious units with excellent layouts and in-suite laundry for added convenience. The property includes: Two 2-bedroom units, currently rented at $1700/month and $1200/month. One 1-bedroom unit, currently rented at $1300/month. This property offers a 6.8% cap rate. The building features a private 4-car paved driveway and an outdoor area for tenant enjoyment with river views from each apartment. Located in a prime area with easy access to Ottawa, this triplex is within close proximity to schools, parks, trails, the river, and all the amenities Smiths Falls has to offer. Don't miss out on this exceptional opportunity. This beautiful building is one you would be proud to own.

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
3
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 24, 2025
Sold price information is available to members only
Listed Date4/4/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
ConstructionBrick, Wood
Lot Size64 × 120 Feet
CountyLanark
Annual Tax$4,834
Legal DescriptionPT BLK E PL 13884 LANARK S MONTAGUE; PT LT 1 N/S QUEEN ST PL 13884 LANARK S MONTAGUE AS IN RS205104; DESCRIPTION MAY NOT BE ACCEPTABLE IN FUTURE AS IN RS205104 TOWN OF SMITHS FALLS

Parking & Garage

Parking Spaces5.0
Garage Spaces5
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Park, School Bus Route, School, Library, Hospital

Community Features

Location

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1 Queen Street, Smiths Falls, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1 Queen Street, Smiths Falls, ON K7A 3N1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$423,920
Monthly Mortgage$2,463
Property Tax (Est.)$403
Utilities & Maint.$350
Total Monthly Cost$3,216

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Smiths Falls.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 901 Smiths Falls, Smiths Falls.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Duncan J Schoular
Public41 McGill Street South, Smiths Falls, Ontario, K7A 3M9
2.6
Chimo
Public11 Ross Street, Smiths Falls, Ontario, K7A 4V7
3.7
St Francis de Sales
Public4 Ross Street, Smiths Falls, Ontario, K7A 4L5
2.9

Secondary Schools

St. Luke Catholic
Catholic5 Catherine Street, Smiths Falls, Ontario, K7A 3Z9
0.9
Smiths Falls
Public10 Ontario Street, Smiths Falls, Ontario, K7A 4P9
3.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.