Description

Investment opportunity in Smiths Falls with a projected cap rate of 8.09%! Large side-by-side updated 2 storey duplex is separately metered & consists of one 4 bedroom, 1.5 bath unit & one 3 bedroom, 1bath unit. Choose your own tenants on the vacant side and assume the tenants paying market rent on the other OR move in and enjoy while having a mortgage helper. 154 Beckwith is rented for $1,850/month and all utilities paid by the tenant. An open dining and living space with powder room on main level. Kitchen & laundry are renovated with new backsplash, sink and faucet. All appliances are owned by the tenant. Upstairs are 4 beds & a 4pc bath. Freshly painted with new laminate flooring, all exterior doors, deck & HWT (all in 2023), back porch, attached storage/workshop, detached shed, large yard, parking for 4 vehicles. 156 is currently vacant and just underwent $35,000 in renovations including all brand new flooring, paint, carpet on the stairs, a new toilet, a new vanity, and all new appliances. This side offers 3 bedrooms and a 4pc bath with large yard, back enclosed porch, parking for 2 & plenty of storage space. Projected market rent for this unit is $2,000/month. Other building updates include: electrical (2010), newer windows, roof (2013), storage/workshop roof (2021), foundation re-parged. Excellent location, walking distance to downtown Smiths Falls and easy access to Highway 15 and commuting into the city. 24hrs irrevocable on all offers.

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