For Sale · Multifamily

2F - 40 MCGILL STREET S, Smiths Falls

2F - 40 MCGILL STREET S, Smiths Falls, ON K7A0C5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

84%

About this property

Welcome to 40 McGill, spacious luxury apartment rentals in the heart of Smiths Falls. *This unit is a 2 BEDROOM, 2 FULL BATH floor plan.* Designed for those who appreciate modern living without the hassle of home maintenance, our residences offer a refined lifestyle in a vibrant community. Each apartment is thoughtfully crafted with open-concept layouts, high-end finishes, large windows that invite natural light, and individual cooling and heating for every suite. This unit features two bedrooms and one and a half bathrooms, with a large balcony that extends your living space into the outdoors, soaring 9'-6" high ceilings in the living areas and luxury vinyl plank throughout. The kitchen has stainless steel appliances, peninsula island and breakfast bar, undermount kitchen sink, tiled backsplash, pantry, and soft-close cabinetry. A dedicated 5x3 storage locker is also included for your seasonal items and sports equipment. Utilities are the responsibility of the tenant and are based on individual usage, with an estimated monthly cost of approx. $75 for heat, hydro and water. Ideally located across the street from an elementary school, walking distance to the Smiths Falls library, downtown shops and restaurants, groceries, coffee shops, and more. Enjoy the peace of mind that comes with onsite maintenance and professional property management, ensuring your home is well cared for while you focus on what matters most. Parking is available for an additional fee. Ask about our other available floor plans today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

111,038

Households

49,542

Median income

$128,000

Median age

33.3

Daytime population

106,449

5-yr growth

1.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2F - 40 MCGILL STREET S, Smiths Falls.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.