$310,000
$325,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
40 RUSSELL ST W Smiths Falls, ON K7A 1P2
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Multifamily
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1401625
Sold Date 08/09/24
Annual Tax Amount $3,838
Tax Year 2023
Property Description
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.
Location
Province ON
Rooms
Basement Low
Interior
Heating Natural Gas
Flooring Laminate
Exterior
Garage 2 Garage Detached
Garage Spaces 2.0
Roof Type Asphalt Shingle
Building
Story 2
Foundation Stone
Sewer Sewer Connected
Water Municipal
Structure Type Brick
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