$350,000

5 Robinson Ave., Smiths Falls, ON K7A1K3

Duplex 

This turnkey 1900+ sq. ft. duplex is generating strong income from day one, making it an excellent investment opportunity or an ideal owner-occupied property.

The main-floor unit is a spacious 2-bedroom, 1-bath suite featuring a fenced private backyard and covered deck. All appliances are included (dishwasher not connected and sold as is).

The upper unit offers a 2+1 bedroom, 1-bath layout with appliances included and access to an upper deck from one of the bedrooms.

Current rents are $1,700/month for Unit 1 and $1,600/month for Unit 2, with tenants paying their own heat and hydro. Water and sewer are paid by the landlord. Hot water heaters are rentals at $18.58 + HST per unit, and both furnaces are rentals at $93.21 + HST per unit ($223.58 + HST monthly total, and furnaces are transferable). Annual water and sewer costs are approximately $1,400.

Whether you’re looking to invest, live in one unit while the rental income helps cover most of the mortgage, or add to your investment portfolio, this property is a smart and flexible way to enter—or expand within—the housing market.

Pictures are prior to current tenants.

24-36 hours’ notice for all showings.

June 1st the new rents will be

Apt 3 upstairs new rent
1633.60
Apt 5 downstairs
1735.70

Details

Price : $350,000
Taxes : $3,409
Bedrooms : 4
Bathrooms : 2
Built : 1900
SQFT : 1908 Square Feet
Lot Size : 66.0 ft x 132.0 ft
Address : 5 Robinson Ave.

Features

Features
Investment Opportunity
Close To School
Walking Distance To Downtown

Inclusions


2 stoves, 2 fridges, 2 washer, 2 dryers, and a dishwasher in the lower unit is as is and is not hooked up.

Exclusions


Tenants’ belongings

Rental Equipment or Fees


2 furnaces and 2 hot water heaters – Furnaces are transferrable

Directions


Head north onto Hwy 29 into Smiths Falls, head through downtown, and turn onto Beckwith Street North, and you will turn right onto Montague, and the second street on the right is Robinson #5, and it is located on the right-hand side.

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