$509,900
 $2,737 est/mo Sourced by Back At You

3-5 Mary Street N,Smiths Falls, ON K7A3R6

Smiths Falls, ON K7A3R6

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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. (id:374)

Details

MLS #X13874990
Listing TypeFor Sale
StatusActive
Days On Site14
Listing Provided ByROYAL LEPAGE PERFORMANCE REALTY | Ricardo Andrade Marquez

Features

Bed(s)7
Bath(s) 4 Total
SQ Feet2,500
BasementY
Story(s)2
ZoningR3

Interior

CoolingWindow air conditioner
HeatingForced air, Natural gas
AppliancesDryer, Two stoves, Two Washers, Two Refrigerators
Fireplace Yes / NoNo

Exterior

Lot FeaturesIrregular lot size
Foundation DetailsStone

Parking

Parking FeaturesNo Garage
Parking Total6

Utilities

UtilitiesSewer, Electricity
SewerSanitary sewer
Water SourceMunicipal water

Taxes

Tax Annual Amount3919
Tax Year2025

Area Information

ProvinceON
CitySmiths Falls
Postal CodeK7A3R6
Listing VS Median (in K7A3R6)
Price:
$509,900
low | high
Med:
$509,900
50% of Average
sqft:
2,500
low | high
Med:
2,500
50% of Average
$ / sqft:
$204
low | high
Med:
$204
50% of Average
On site:
14
low | high
Med:
14
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Paul Liberatore

Paul Liberatore

Sutton Centre Realty

Sales Representative, (604) 788-0463paull@sutton.com
ProvinceON
CitySmiths Falls
Postal CodeK7A3R6
Listing VS Median (in K7A3R6)
Price:
$509,900
low | high
Med:
$509,900
50% of Average
sqft:
2,500
low | high
Med:
2,500
50% of Average
$ / sqft:
$204
low | high
Med:
$204
50% of Average
On site:
14
low | high
Med:
14
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $382K - $637K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
110 CHAMBERS STREET Property Photo 1
$579,999
110 Chambers Street
Smiths Falls, ON K7A2Z1
Listing Updated: October 8, 2026 at 1:25:15 PM PDT

Paul Liberatore - Sutton