For sale

$499,999

Est. $2,420/mo —

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4 ba

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View

sq ft

34 Market St, Smiths Falls, ON K7A 2E6

About this home

Turn-Key Income TRIPLEX in the Heart of Smiths Falls - Attention investors: this fully renovated mixed-use triplex sits just steps from the Rideau Canal and downtown core, and it's built to perform - and a cap rate over 9.75%. With two vacant units, you set the rents - or occupy one yourself and let the building carry the mortgage. The main floor commercial unit offers high street visibility and was most recently leased to an established medical/spa tenant, proof this address draws quality commercial traffic. Run your own business here, or hold it as stable, professional-grade rental income. Above, two newly renovated residential units are finished with modern fixtures and brand-new appliances. One unit features in-suite laundry - a rare amenity in this price point that commands premium rent and keeps good tenants renewing year after year. This is a rare chance to own a prime, income-generating asset in one of the region's fastest-growing communities - immediate cash flow, low-maintenance renovated units, and long-term upside all in one address.

Multi-familyProperty Type

1,410 sq ftLot Size

Listing updated: Sep 22, 2026 at 09:28pm

Redfin checked: a minute ago

•Source:TREB #X13816998

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Nearby open houses (7)

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4 beds2 baths— sq ft
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OPEN SAT, 2PM TO 4PM
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10 Old Kingston Rd, Lombardy, ON K0G 1L0
OPEN SUN, 11AM TO 1PM
$619,900
4 beds3 baths— sq ft
672 Line 3 Line, Jasper, ON K0G 1G0
OPEN SUN, 1PM TO 3PM
$799,000
3 beds3 baths— sq ft
139 Sheil Dr, Drummond/North Elmsley, ON K7H 0G7
OPEN SUN, 2PM TO 4PM
$649,000
4 beds2 baths— sq ft
120 Maitland St, Smiths Falls, ON K7A 0K2
OPEN OCT 11, 10AM TO 11:30AM
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4 beds2 baths— sq ft
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Around this home

Schools

0.6km

Duncan J Schoular Public School

Public, JK-8 • Assigned

2.3km

Smiths Falls District Collegiate Institute

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bathroom

Bedroom

Living

Interior features
Fireplace
Crawl space basement

Kitchen
Oven

Heating & cooling
Central air conditioning
Electric heating
Baseboard heating

Sale and tax history for 34 Market St

Sale History
Tax History

Date

Event

Price

TREB #X13816998

Sep 22, 2026

Listed

$499,999

TREB #X12270692

Dec 8, 2025

Delisted

—

Jul 8, 2025

Listed

$639,999

+33

Attention Investors and Small Business Owners - Don't miss this exceptional opportunity to own a fully renovated mixed-use triplex in the heart of Smiths Falls, just steps from the Rideau Canal and downtown core. This versatile property features a main-floor commercial unit with high street visibility, and was leased to a well-established medical/spa tenant. It's ideal for those looking to operate their own business or benefit from stable commercial rental income. Above the commercial space are two newly renovated residential units, each featuring modern finishes and brand-new appliances perfect for attracting quality, long-term tenants. This turn-key investment delivers immediate income and long-term growth potential in a thriving, up-and-coming community. A rare opportunity to own a prime, income-generating property in Smiths Falls. Two units are vacant (Commercial and Residential) set your own rents or move right in!

Public record

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Style

Single Family Residential

Region

Lanark County

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Last updated by owner on Jul 9, 2025.

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