66 QUEEN Street
901 - Smiths Falls, Smiths Falls, K7A 3N2
$1,150,000
Reduced $50,000 from $1,200,000
- 6 bathrooms
Listed 188 days ago · MLS® X13000028
About this home
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.
Details
- Type
- Investment
- Age
- 51-99 years
- Lot
- 105 × 120 ft
- Garage
- None
- Property tax
- $8,904 (2025)
- Neighbourhood
- 901 - Smiths Falls
- Municipality
- Smiths Falls
Interior
- Bathrooms
- 6 × bathroom
Heating, cooling and services
- Heating
- Gas Hot Water
- Utilities
- Yes
Building and exterior
- Age
- 51-99 years
- Building area
- 0 Acres
More
- Possession
- To Be Arranged
- Cross street
- Queen St & Lorne St
- Business type
- Apts - 6 To 12 Units
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Somewhat walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 5 cafés and restaurants, 2 parks, 1 pharmacy. Nearest park: Lower Reach Park (450 m).
Schools nearby
Elementary
- Duncan J Schoular Public School
EQAO: Gr 6 reading 48%, math 15%6 min walk - Chimo Elementary School
EQAO: Gr 6 reading 88%, math 54%18 min walk - St. Francis de Sales Catholic School Catholic1.4 km
Secondary
- St. Luke Catholic High School Catholic11 min walk
- TR Leger School - Smiths Falls
EQAO: Gr 9 math 29%, literacy test 79%1.2 km - Smiths Falls District Collegiate Institute
EQAO: Gr 9 math 29%, literacy test 79%1.4 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K7A
- Owners / renters
- 72% / 28%
- Median household income
- $74,500
- Average age
- 45
- Children under 15
- 16%
- Homes
- 69% detached, 1% high-rise
- Commute by transit
- 0%
- Population
- 17,575
Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Arabic 0.1%, Mandarin 0.1%, Yue (Cantonese) 0.1%.
Safety
Crime Severity Index for Smiths Falls police: 93 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RE/MAX HALLMARK REALTY GROUP.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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$999,888
40 Main Street E
901 - Smiths Falls, Smiths Falls
Commercial Retail · MLS® X13652512 · INNOVATION REALTY LTD.