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    For Sale - 3-5 Mary Street, Smiths Falls, Ontario

    Est payment $2,448/mo
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    Views   1
    Time on Jump  12 day

    AI Summary *

    • Two fully renovated units generating $4,375 in monthly gross rent.
    • 0% vacancy rate with a history of timely rent payments.
    • Recent improvements include new appliances and upgraded plumbing.
    • Fenced backyards and parking for each unit add value.
    • Future potential for rental optimization and property enhancements.




    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.
    Listing IDX13874990
    Address3-5 Mary Street
    CitySmiths Falls, Ontario
    Price$509,900
    Bed / Bath7 / 4 Full
    Style2-Storey, Duplex
    ConstructionMetal/Steel Siding
    Land Size9030.91
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features StorageOwnership FreeholdBasement UnfinishedFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Brokerage: ROYAL LEPAGE PERFORMANCE REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    3-5 Mary Street
    Smiths Falls , Ontario
    7 4 $509,900
    Get more info