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40 Russell Street W Smiths Falls, Ontario K7A 1P2

None Forced Air

$325,000

What a solid Brick duplex. Property can use some updating although there are two newer gas furnaces. One for each unit. This property is oversized and may be able to be subdivided in the future. Check with the city. This was once a single family home and could be converted back. There is a tenant in the upper unit who is paying $900 per month plus utilities. The main floor is vacant and could be rented at market rent or is great for an owner occupied unit. With the rent upstairs it would cover over $100,000 of the mortgage so it is like buying a property for $225,000. as far as cash out of pocket per month if you were to occupy the main floor. Lovely yard and a two car garage that is divided so each tenant could have one half of the two car garage. (id:37464)

Property Details

MLS® Number 1401625
Property Type Multi-family
Neigbourhood Smiths Falls
Parking Space Total 4

Building

Basement Development Unfinished
Basement Features Low
Basement Type Unknown (unfinished)
Construction Material Masonry
Cooling Type None
Exterior Finish Brick
Flooring Type Laminate
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Duplex
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Current Use Development Residential
Sewer Municipal Sewage System
Size Depth 120 Ft ,11 In
Size Frontage 55 Ft ,3 In
Size Irregular 55.28 Ft X 120.88 Ft (irregular Lot)
Size Total Text 55.28 Ft X 120.88 Ft (irregular Lot)
Zoning Description R3

https://www.realtor.ca/real-estate/27155383/40-russell-street-w-smiths-falls-smiths-falls

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