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$ 399,900
Est. payment /mo
New
25 Church ST W Smiths Falls, ON K7A 1P6
7 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 901 - Smiths Falls
MLS Listing ID X12167317
Style 2-Storey
Bedrooms 7
Annual Tax Amount $4,156
Tax Year 2024
Property Sub-Type Triplex
Property Description
Start cashing in each month with the purchase of this income producing triplex located on the corner of beautiful Maple ave and Church street W in Smiths Falls. This side by side triplex is ideally located steps away from the downtown core on a corner lot. Each unit has a private deck, parking and laundry hook ups. Unit 21 Church is currently tenanted with a long term, great tenant who pays ($940.25) plus heat and hydro. 23 Church St is a VACANT 2 bedroom plus den apartment and 25 Church is also a VACANT 2 bedroom plus den apartment allowing new owners to set the rent rate and welcome new tenants. There are two water mains going into the building, one servicing 21 Church and the other servicing 23 and 25 Church Street, which could allow for tenants to pay their own water in the future. With an 11% cap rate this is an excellent property to add to your portfolio. This property has the potential to gross $53,283 a year. Book a showing today!
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Rooms
Family Room No
Basement Unfinished
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck
Parking Features Private Triple
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 83.0
Total Parking Spaces 3
Building
Unit Features Library,Rec./Commun.Centre,School
Foundation Stone
Listed by RE/MAX AFFILIATES REALTY LTD.