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The main floor, once home to The Tavern, a cherished local landmark, is primed for a new business venture, featuring a full bar, some kitchen equipment, and restaurant furniture, making it ideal for a restaurant, pub, caf, or retail space. The layout allows for division into three separate units. The demolition on the two upper floors, formerly a hotel, has begun as seen in photos, presenting a blank canvas for residential apartments, boutique hotel rooms, or short-term rental suites, offering huge revenue potential. With newer boiler, a 600-amp electrical service, and plenty of parking, this property is a rare investment opportunity to restore and repurpose this landmark in a fast-growing community. Dont miss out on bringing your vision to life, contact us today to explore the possibilities!" +"BuildingAreaUnits": "Square Feet" +"CityRegion": "901 - Smiths Falls" +"CoListOfficePhone": "613-236-5959" +"Cooling": "No" +"Country": "CA" +"CountyOrParish": "Lanark" +"CreationDate": "2025-02-12T11:48:42.237005+00:00" +"CrossStreet": "From Carleton Place to Smiths Falls: Union St, Turn right onto Cornelia St, left onto Elmsley St N, left onto Daniel St. follow to end, 72 Daniel on the left." +"ElectricExpense": 2500.0 +"ExpirationDate": "2025-08-06" +"Inclusions": "boilers, all restaurant equipment" +"InsuranceExpense": 11000.0 +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "OREB" +"ListingContractDate": "2025-02-11" +"LotSizeSource": "Geo Warehouse" +"MainOfficeKey": "504300" +"MajorChangeTimestamp": "2025-05-16T12:31:48Z" +"MlsStatus": "New" +"OccupantType": "Vacant" +"OriginalEntryTimestamp": "2025-02-11T23:26:38Z" +"OriginalListPrice": 799000.0 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Description
Welcome to 67-69 Elizabeth Street located in the lovely city of St. Thomas! Two semi detached homes under one ownership makes this the perfect opportunity for investors to grow your portfolio! Fully tenanted and with a cap rate of 5%, this property pays for itself. 67 Elizabeth features plenty of natural light with an open concept on the main level, 3 bedrooms, 1.5 baths and an attic space which could be used as an additional loft. 69 Elizabeth features 3 bedrooms, 1 bath and is home to long term tenants who manage both the landscaping and snow removal! This home is located near downtown St. Thomas, has easy access to the highway, shopping, restaurants, parks and the new Amazon Distribution Centre! Don’t miss the chance to add to your investment portfolio!
Details
MLS® Number
X9364741
X9364741
Property Size
2712 Sqft
2712 Sqft
Additional details
- Utilities: Yes
- Cooling: No
- County: Elgin
- Property Type: Commercial Sale
- Community Features: Public Transit
Address
- Address 67-69 Elizabeth Street
- City St. Thomas
- State/county ON
- Zip/Postal Code N5R 2X3