110 Chambers Street Smiths Falls, Ontario K7A 2Z1

4 Bedroom 2 Bathroom 2,000 - 2,500 ft2
Central Air Conditioning Radiant Heat

$579,999

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:37553)

Property Details

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 Ft2
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

Rooms

Level Type Dimensions
Second Level Bathroom Measurements not available
Second Level Laundry Room Measurements not available
Second Level Living Room Measurements not available
Second Level Kitchen Measurements not available
Second Level Bedroom Measurements not available
Second Level Bedroom Measurements not available
Basement Other Measurements not available
Main Level Living Room Measurements not available
Main Level Kitchen Measurements not available
Main Level Bedroom Measurements not available
Main Level Bathroom Measurements not available
Main Level Bedroom Measurements not available
Main Level Laundry Room Measurements not available

https://www.realtor.ca/real-estate/30327113/110-chambers-street-smiths-falls-901-smiths-falls