This is a beautiful purpose-built 4-plex. Its gross income is over $120,000 per year. It is less than two years old, so it will require very little maintenance and will not require any capital expense for some time. Quality finishes throughout including quarts counters. Very short commute to downtown. Luxury townhouses are scheduled to be built on the adjacent corner. The 3-bedroom unit is currently vacant and could make for an amazing owner-occupied building. The property could be severed in the future if you wanted, as it has separate services from the street to each side. The upper unit has 3 bedrooms and a garage; the basement unit has 2 bedrooms and in-floor heating 144 is a mirror image of 138. The builder is willing for a fair price to convert the one 3 bedroom into one two-bedroom and one one-bedroom apartment so the building would become a 5 unit and qualify under the new construction MLI CMHC financing, which gives up to 95% financing and up to 50-year amortization. (id:2493)More details
Fantastic investment opportunity in the heart of Smiths Falls! This charming duplex is ideally situated near downtown, within easy reach of schools, churches, and all the amenities you need. Each unit has its own private entrance, ensuring privacy and convenience for tenants. There’s plenty of parking space available and a generous, fully fenced yard that's perfect for outdoor enjoyment. The upper unit features three spacious bedrooms, while the lower unit offers two comfortable bedrooms. Plus, with tenants covering their own hydro costs, this property is an excellent choice for investors looking for a hassle-free rental income! Upper unit pays $1,063.23 plus hydro and main floor pays $985 plus hydro. Furnace is believed to be 2018. Shingles are recent. (id:2493)More details
Data was last updated October 11, 2024 at 03:45 AM (UTC)
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