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$ 495,000
Est. payment | /mo
4 Beds
2 Baths
$ 495,000
Est. payment | /mo
4 Beds
2 Baths
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 X12698610
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,082
Tax Year 2025
Property Sub-Type Duplex
Property Description
Turn-Key Duplex in Prime Smiths Falls Location - Ideal Investment or Owner-Occupied Opportunity! Welcome to this well-maintained and updated duplex located in the heart of Smiths Falls, just minutes from the hospital and essential amenities. This income-generating duplex boasts a 6.9% CAP rate, includes two self-contained units with separate electric and gas metering, one vacant and one tenanted at market rent, allowing for immediate income or owner occupancy. The property has benefited from notable capital improvements, including all new windows and precast cement sills, an interior basement drainage system with transferable warranty, and other updates that enhance efficiency, comfort, and long-term value. Each unit offers functional layouts with bright living spaces and separate entrances for privacy and ease of management. The vacant unit allows buyers to set their own tenant, achieve top market rent, or move in while the other unit helps offset the mortgage. Situated in a high-demand rental area close to the hospital, schools, and shopping, this duplex is well positioned for strong tenant appeal and long-term appreciation; an excellent opportunity for investors or live-in buyers alike!
Location
Province ON
County Lanark
Area Lanark
Zoning RM
Rooms
Basement Full, Unfinished
Kitchen 2
Interior
Interior Features Separate Hydro Meter
Cooling None
Exterior
Parking Features None
Pool None
Roof Type Rolled
Total Parking Spaces 2
Building
Foundation Block, Stone
Lited by EXP REALTY