Multifamily in Smiths Falls available for sale
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Apartment Building for Sale in Smiths Falls

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Smiths Falls Apartment Building for Sale

More details for 26 Salmon Side Rd, Smiths Falls, ON - Multifamily for Sale

26 Salmon Side Rd

Smiths Falls, ON K7A 4S5

  • Multifamily for Sale
  • $3,150,000 CAD
  • 5,000 SF

Smiths Falls Multifamily for Sale - Northeast Ontario

Fully occupied freehold land-lease community with a 4.6% cap rate, stable in-place income, and long-term expansion potential. Situated on approximately 49 acres in a desirable rural setting just south of Smiths Falls and adjacent to the Smiths Falls Golf & Country Club, the property features 47 occupied pads, plus one larger park-owned home currently occupied by the property manager. The park-owned home includes an above-ground pool and a generous outdoor area, offering added operational flexibility and potential future utility for ownership. The community has a long history of full occupancy. In addition to stable in-place income, the site offers future growth potential, with owner materials identifying land for near-term expansion as well as substantial longer-term expansion area. Existing planning, environmental, and servicing materials, including historical site plans and wastewater servicing concepts, provide supporting information for buyers evaluating future phases. The community includes a mix of singlewide and doublewide homes, with several doublewides featuring permanent concrete basements. Convenient access to Smiths Falls and surrounding amenities further supports the property's appeal. Ideal for investors seeking durable cash flow with longer-term upside potential. Buyer to complete own due diligence regarding future development, servicing, and approvals.

Contact:

DRM Real Estate & Developments; Brokered By RE/MAX

Property Subtype:

Mobile Home Park

Date on Market:

2026-05-07
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Apartment Buildings for Sale in Smiths Falls

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How many apartment buildings are available for sale in Smiths Falls?
There are currently 1 apartment buildings available for sale in Smiths Falls, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Smiths Falls?
The average size of apartment buildings available for sale in Smiths Falls is about 5,000 SF. The largest apartment buildings available to buy is 5,000 SF and the smallest is 5,000 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for apartment buildings in Smiths Falls?
The average market cap rate for apartment buildings for sale is about 6.50% based on data provided in Smiths Falls. Learn more about how cap rates are calculated.
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