Cash-flowing investment property in the heart of Smiths Falls, just steps from the Rideau Canal. This well-maintained triplex offers strong, reliable income with a 5.49% cap rate and sits on a large corner lot with designated parking for each unit. Total annual income is $53,029.68 with expenses of $35,500.56, resulting in a healthy net income of $17,529.12. The building features three self-contained units, each offering two bedrooms and one full bathroom, along with shared laundry facilities in the basement, which has been spray foamed and the sewer lined replaced to ABS. Ideally positioned within walking distance to downtown Smiths Falls, schools, shopping, and everyday amenities, the consistent rental demand in Smiths Falls and a walkable location make this an attractive addition to any investment portfolio. Tenants can enjoy nearby Victoria and Centennial Parks, Turtle Island, and Murphy Park Public Beach, with easy access to festivals, skating, swimming, paddling, and year-round community events just steps from your front door. The downtown core is a short walk away, offering shops, restaurants, and scenic waterfront pathways. With a proven income stream, strong cap rate, ample parking, and an excellent lot size, this triplex represents a smart investment opportunity in a growing market. (id:4069)
Address
17 LOMBARD STREET
List Price
$549,900
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Smiths Falls
Bedrooms
6
Bathrooms
3
Floor Area
3000 - 3500 Sq. Ft.
Lot Size
58.8 x 116.7 FT Sq. Ft.
MLS® Number
X12651152
Listing Brokerage
CENTURY 21 SYNERGY REALTY INC.
Basement Area
N/A (Unfinished)
Postal Code
K7A4E8
Features
In-Law Suite
