3-5 MARY STREET N, Smiths Falls, Ontario K7A 3R6

3-5 MARY STREET N, Smiths Falls, Ontario K7A 3R6
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Get more details

$509,900.00

  • 7 bedrooms
  • 4 bathrooms

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 ... read more

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:25417)

  • Listing ID: X13874990
  • Property Type: Multi-family
Property
Lot Size: 66 by 132 FT
Parking: No Garage
6 Spaces
Building
Type: Multi-family Duplex
Appliances: Two Refrigerators, Two Washers, Two Stoves and Dryer
HVAC: Fireplace, Forced Air and Window Air Conditioner
Natural Gas
Exterior: Steel
Basement: N/A (Unfinished)
Utilities: Electricity, Sewer and Sanitary Sewer
Location
Town: Smiths Falls
Province: Ontario

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3-5 MARY STREET N, Smiths Falls, Ontario K7A 3R6
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This property, located on Mary Street North in Smiths Falls Ontario, was published on October 8th, 2026. See if this multi-family home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in Smiths Falls convenient.

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