5 Robinson Avenue Smiths Falls, Ontario K7A 1K3

$350,000

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. All pictures are prior to tenants moving in. Many updates have been done to both units; pictures are prior to tenants. 24-36 hours must be given to both tenants for all showings. (id:43934)

Property Details

MLS® Number	X12710042
Property Type	Multi-family
Community Name	901 - Smiths Falls
Equipment Type	Water Heater, Furnace
Parking Space Total	2
Pool Type	On Ground Pool
Rental Equipment Type	Water Heater, Furnace
Structure	Deck

Building

Bathroom Total	2
Bedrooms Above Ground	2
Bedrooms Total	2
Age	100+ Years
Appliances	Dryer, Two Stoves, Two Washers, Two Refrigerators
Basement Type	Crawl Space
Cooling Type	None
Exterior Finish	Vinyl Siding
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	Duplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	132 Ft
Size Frontage	66 Ft
Size Irregular	66 X 132 Ft
Size Total Text	66 X 132 Ft

https://www.realtor.ca/real-estate/29266496/5-robinson-avenue-smiths-falls-901-smiths-falls