70-72 Victoria Avenue Smiths Falls, Ontario K7A 2P5

$539,999

Excellent investment opportunity in the heart of Smiths Falls! This well-maintained brick 4-plex is situated on a corner lot just steps from downtown amenities and the scenic Rideau Canal, a UNESCO World Heritage Site. Offering four 2-bedroom units with tenants already in place, this property is a true turnkey cash-flow generator. Currently grossing $41,143 annually, tenants pay their own hydro while the owner covers gas heating (forced air).The building features updates, including roof (2021), furnaces (2021) and recent front windows and back door replacement for Unit 72 and new front windows for the lower unit 70. Hot water tanks are owned, and each unit has its own hydro meter. Upper units enjoy private balconies, while the main level units feature decks and shared access to the spacious yard. Parking is plentiful with a laneway at the back of the building. Smiths Falls offers a charming, small-town atmosphere with attractions like Victoria Park, the Heritage House Museum, and the Railway Museum of Eastern Ontario. Residents enjoy local shops, restaurants, green spaces, and trails, all while being within easy reach of Ottawa and Kingston. A solid brick build, strong rental history, and a prime location make this property a reliable income producer for any investor. Opportunities like this don't last long, secure your piece of Smiths Falls today! (id:43934)

Property Details

MLS® Number	X12438345
Property Type	Multi-family
Community Name	901 - Smiths Falls

Building

Bathroom Total	4
Bedrooms Above Ground	8
Bedrooms Total	8
Appliances	Stove, Refrigerator
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Exterior Finish	Brick
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	0 - 699 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	78 Ft
Size Frontage	49 Ft ,1 In
Size Irregular	49.1 X 78 Ft
Size Total Text	49.1 X 78 Ft

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Living Room	3.65 m	3.96 m	3.65 m x 3.96 m
Lower Level	Kitchen	3.35 m	4.26 m	3.35 m x 4.26 m
Lower Level	Bedroom	3 m	4.26 m	3 m x 4.26 m
Lower Level	Bedroom	3.35 m	4.26 m	3.35 m x 4.26 m
Upper Level	Bedroom	3 m	3.35 m	3 m x 3.35 m
Upper Level	Kitchen	3.5 m	4.11 m	3.5 m x 4.11 m
Upper Level	Bedroom	3.2 m	2.7 m	3.2 m x 2.7 m

https://www.realtor.ca/real-estate/28937035/70-72-victoria-avenue-smiths-falls-901-smiths-falls