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Smiths Falls,ON K7A 2L9
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 901 - Smiths Falls
MLS Listing ID X12248957
Style 2 1/2 Storey
Bedrooms 4
Annual Tax Amount $3,372
Tax Year 2025
Property Sub-Type Duplex
Property Description
Turnkey Victorian Duplex in the heart of Smiths Falls with a 6.7% Cap Rate! The main floor unit will be vacant on closing, giving you the ultimate flexibility. Either move in and enjoy your own space while the upper rental income offsets the mortgage OR choose your own tenant and maximize rental income. The beautifully updated main floor unit has a projected rental income of $1,400/month and features 1 bedroom, 1 bath, a fully renovated kitchen with high-end cabinetry, newly renovated bathroom, separate laundry room and exclusive access to the basement and garage. The upper unit is currently rented for $1,800/month plus hydro. This spacious unit is accessed through the main entrance with private access to a front porch, separate laundry, 3 bedrooms including the third floor loft, renovated 4pc bath, second floor rear balcony, fully fenced yard, and dedicated use of the storage shed. With separate hydro meters, low annual operating costs (less than $9,500/year) , this is a low-maintenance, high-return asset. Other highlights include a double-wide paved driveway with parking for 6 vehicles plus the garage, established garden beds, a lovely fully fenced backyard with mature trees, and unbeatable walkability to the arena, hospital, shopping, restaurants, newly renovated library, and more. Whether you're a savvy investor or a buyer looking to house hack in style, this charming and income-producing property is a rare find in a prime location. Operating expenses, pre-list home inspection, current lease agreement and upgrades list available upon request. Call to book your showing today!
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Zoning R3
Rooms
Family Room Yes
Basement Full,Unfinished
Kitchen 2
Interior
Interior Features Accessory Apartment,In-Law Suite,Primary Bedroom - Main Floor,Separate Hydro Meter,Sump Pump
Cooling Window Unit(s)
Inclusions Fridge x 2, stove x 2, hood fan, washer & dryer x 2, window a/c unit.
Exterior
Exterior Feature Deck,Landscaped,Porch,Patio
Parking Features Private,Private Double,RV/Truck
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 142.0
Total Parking Spaces 7
Building
Foundation Stone
Others
Senior Community Yes
Security Features Smoke Detector,Carbon Monoxide Detectors
Virtual Tour https://u.listvt.com/mls/198404761