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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

7 Beds

4 Baths

Save

Est. payment | -/mo

Save

7 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 901 - Smiths Falls

MLS Listing ID X13874990

Style 2-Storey

Bedrooms 7

Annual Tax Amount $3,919

Tax Year 2026

Property Sub-Type Duplex

Property Description

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.

Location

Province ON

County Lanark

Area Lanark

Zoning R3

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Storage

Cooling Window Unit(s)

Inclusions 2 Refrigerators , 2 Stoves , 2 Washers , 2 Dryers ,

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 66.0

Lot Depth 132.0

Total Parking Spaces 6

Building

Foundation Stone

Others

Senior Community No

ParcelsYN No

Listed by ROYAL LEPAGE PERFORMANCE REALTY

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3-5 Mary ST N Smiths Falls, ON K7A 3R6