110 CHAMBERS STREET
Smiths Falls, Ontario
MLS® X13827710
$579,999
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13827710
- Bedrooms
- 4
- Bathrooms
- 2
- Year built
- —
Listing description
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."
Property summary
- MLS® number
- X13827710
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 66 x 40 FT
- Annual property taxes
- $4,062.00
- Parking
- 3 spaces · No Garage
- Days on market
- 3 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- Central air conditioning
- Basement
- Unfinished, Full
- Appliances
- Dishwasher, Dryer, Two stoves, Two Washers, Two Refrigerators
- Exterior features
- Brick, Vinyl siding
What would this home cost you?
Based on the $579,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.