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 an...d 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.
Full Property Details
Interior
Bedrooms
7
Total Bedrooms
7
Washrooms
4
Square Footage
2500-3000 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Window Unit
Family Room
No
Kitchens
2
Total Kitchens
2
Fireplace Features
No
Bedrooms
7
Total Bedrooms
7
Washrooms
4
Square Footage
2500-3000 sqft
Basement
Unfinished
Heating Source
Gas
Heating Fuel
Forced Air
Air Conditioning
Window Unit
Family Room
No
Kitchens
2
Total Kitchens
2
Fireplace Features
No
Exterior
Depth
132.0
Front
66.0
Lot Size
66 x 132.0 ft
Pool
None
Parking Spaces
6
Total Parking Spaces
6.00
Parking Description
None
Garage Spaces
0
Zoning
R3
Depth
132.0
Front
66.0
Lot Size
66 x 132.0 ft
Pool
None
Parking Spaces
6
Total Parking Spaces
6.00
Parking Description
None
Garage Spaces
0
Zoning
R3
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Duplex
Property Orientation
West
Exterior Finish
Metal/Steel Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Duplex
Property Orientation
West
Exterior Finish
Metal/Steel Siding
Sewers
Sewers
Water Supply
Municipal
Possession Date
No Data
Community
Community
Smiths Falls
Community
Smiths Falls
Taxes & Fees
Taxes
$3,919 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$3,919 /yr
Tax Year
2026
Occupancy
Tenant
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