For Sale Multi-Family

110 Chambers Street

$579,999 Est. $2,568/mo ↓

Smiths Falls, Ontario K7A 2Z1

4 Bedrooms
2 Bathrooms
2,000 - 2,500 sqft Interior
3 Parking spaces
66 X 40 Ft Lot size
3 days ago Listed
Virtual tour Central Air Conditioning Radiant Heat

About this home

TURNKEY INCOME OPPORTUNITY Duplex with $3,200/MONTH in current rental income! Welcome to 110 Chambers Street, a well-established two-unit property offering strong cash flow, separate hydro and over $60,000 in significant recent improvements. The upper unit rents for $1,400/month, while the lower unit generates $1,800/month. Tenants pay their own separately metered hydro, with the owner covering gas and water. Major capital improvements provide added peace of mind, including a new shingled roof with added sheeting (2022 - $20,300), new upper-unit washing machine (2024 - $1,000), new flat roof (2025 - $3,600), extensively restructured and replaced decks ($37,400), and updated lower eaves troughing on the Market Street side ($1,250). Original windows have also been replaced with vinyl windows. The property features radiant heating supplied by a high-efficiency gas boiler. The upper unit has an electric stove and electric water heater, while the lower unit has an electric stove and gas water heater. Parking is another bonus, with 2 spaces for the upper unit, potentially 3 with tandem parking, plus 1 space for the lower unit. With established tenants, impressive recent improvements and immediate rental income already in place, this is a compelling opportunity to add a solid income-producing property to your investment portfolio. Basement bathroom is being sold "as is." (id:28469)

Facts & features

Property

MLS® Number
X13827710
Property Type
Multi-family
Community Name
901 - Smiths Falls
Parking Space Total
3

Building

Bathroom Total
2
Bedrooms Above Ground
4
Bedrooms Total
4
Appliances
Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators
Basement Development
Unfinished
Basement Type
Full (unfinished)
Cooling Type
Central Air Conditioning
Exterior Finish
Brick, Vinyl Siding
Foundation Type
Stone
Heating Fuel
Natural Gas
Heating Type
Radiant Heat
Stories Total
2
Size Interior
2,000 - 2,500 Sqft
Type
Duplex
Utility Water
Municipal Water

Parking

No Garage
—

Land

Acreage
No
Sewer
Sanitary Sewer
Size Depth
40 Ft
Size Frontage
66 Ft
Size Irregular
66 X 40 Ft
Size Total Text
66 X 40 Ft

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$2,568/mo
Ontario land transfer tax
$8,075 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Smiths Falls market

86 Active listings
$436,250 Median asking price
33% above median This home
36 days Avg. time on market
Browse all Smiths Falls listings →

Rooms

Second Level

  • Bathroom Measurements not available
  • Laundry Room Measurements not available
  • Living Room Measurements not available
  • Kitchen Measurements not available
  • Bedroom Measurements not available
  • Bedroom Measurements not available

Basement

  • Other Measurements not available

Main Level

  • Living Room Measurements not available
  • Kitchen Measurements not available
  • Bedroom Measurements not available
  • Bathroom Measurements not available
  • Bedroom Measurements not available
  • Laundry Room Measurements not available

Location

110 Chambers Street, Smiths Falls, Ontario K7A 2Z1  ·  Get directions

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