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101 William Street E Smiths Falls, Ontario K7A 1E3

None Baseboard Heaters, Forced Air

$340,000

Here’s a great opportunity for investors looking for a duplex or those looking to offset their own mortgage. This property features two units: the upper unit, a cozy 1-bedroom with rental potential of $1,150/month, and the main level unit, a spacious 2-bedroom that could rent for $1,600/month. Recent updates include a new roof and eavestroughs (2024), a modernized main level bathroom, and a newly insulated back addition with updated siding. The fenced backyard with a new deck offers privacy, making it attractive to tenants or an owner-occupier. With no current tenants, the property is ready for immediate occupancy or rental, with a potential gross income of $2,750/month. However, after September, the seller plans to start actively seeking tenants for the units, so this is an ideal time for buyers who want the flexibility of managing the property themselves. Don’t miss this chance to invest in Smiths Falls with strong rental potential! (id:53341)

Property Details

MLS® Number 1411983
Property Type Multi-family
Neigbourhood Smiths Falls
ParkingSpaceTotal 2

Building

BasementDevelopment Unfinished
BasementType Cellar (unfinished)
CoolingType None
ExteriorFinish Brick, Vinyl
FlooringType Carpeted, Laminate, Tile
FoundationType Stone
HeatingFuel Electric, Natural Gas
HeatingType Baseboard Heaters, Forced Air
StoriesTotal 2
Type Duplex
UtilityWater Municipal Water

Parking

None

Land

Acreage No
FenceType Fenced Yard
Sewer Municipal Sewage System
SizeDepth 77 Ft
SizeFrontage 31 Ft
SizeIrregular 31 Ft X 77 Ft
SizeTotalText 31 Ft X 77 Ft
ZoningDescription R3
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