- Status:
- Active
- Prop. Type:
- Multi-family
- MLS® Num:
- X13874990
- Bedrooms:
- 7
- Bathrooms:
- 4
- Photos (50)
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INVESTOR OPPORTUNITY! Income-producing two-unit property offering strong current rental income, substantial recent capital investment and future value-add potential. The two fully renovated units generate $4,375/month in current gross rent, or $52,500 annually, with 0% current vacancy/credit loss and a history of rents being paid on time or early. Improvements and repairs over the past 3-4 years, including fully renovated units, new appliances, replacement windows, newer furnaces, plumbing improvements, basement sump pumps and additional updates.The 4-bedroom, 1.5-bath unit at 3 Mary features a fenced backyard, parking, unfinished basement and furnace installed in 2024. The 3-bedroom, 1.5-bath unit at 5 Mary offers a large fenced backyard, generous driveway parking, unfinished basement and furnace installed in 2024. Tenants pay gas and hydro directly, while lawn/yard maintenance and snow removal are tenant responsibilities.The property offers approximately $52,500 in current annual gross rental income and a 10.50% gross rental yield based on the 2024 appraised value of $500,000. Potential future upside may include rental optimization, additional property improvements and investigation of severance/land-use potential, subject to municipal approvals and due diligence.An excellent opportunity for investors seeking an established income-producing property with significant recent improvements and potential for further value creation. (id:2493)
- Property Type:
- Multi-family
- Property Attached:
- Yes
- Living Area (Min):
- 2,500 sq. ft.
- Living Area (Max):
- 3,000 sq. ft.
- Zoning:
- R3
- Taxes:
- $3,919 / 2025
- Community:
- 901 - Smiths Falls
- Exterior Features:
- Steel
- Structure Type:
- Duplex
- Utilities:
- Sewer, Electricity
- Appliances Included:
- Dryer, Two stoves, Two Washers, Two Refrigerators
- Bedrooms:
- 7
- Bedrooms Above Grade:
- 7
- Bathrooms:
- 4.0
- Half Bathrooms:
- 2
- Cooling:
- Window air conditioner
- Fireplace:
- No
- Foundation:
- Stone
- Heating:
- Forced air, Natural gas
- # Storeys:
- 2.0
- Water:
- Municipal water
- Sewer:
- Sanitary sewer
- Basement:
- Unfinished, N/A
- Lot Frontage:
- 66'
- Lot Details:
- 66 x 132 FT
- Lot Features:
- Irregular lot size
- Parking:
- No Garage
- Total Parking Spaces:
- 6
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Listed by ROYAL LEPAGE PERFORMANCE REALTY
Data was last updated October 8, 2026 at 10:15 PM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $499,999
- Min list price:
- $334,900
- Max list price:
- $1,150,000
- Avg days on market:
- 30
- Min days on market:
- 13
- Max days on market:
- 176
- Avg price per sq.ft.:
- $239.43
These statistics are generated based on the current listing's property type
and located in
901 - Smiths Falls. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- NILA MATTHEWS
- Royal LePage Performance Realty
- 613.238.2801
- Contact by Email
