40 Russell St. W, Smiths Falls K7A 1P2

$325,000
  • Ref: 1401625
  • Type: Duplex
  • Availability: For Sale
  • Bedrooms: 4
  • Parking: Double Garage
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Property Features

  • Solid brick duplex
  • Two car garage
  • Oversized Property

Property Summary

Discover the charm and potential of this solid brick duplex! While the property could benefit from some updating, it boasts a great roof and two newer gas furnaces, ensuring comfort and efficiency for each unit. This oversized property offers exciting future possibilities, including potential subdivision—be sure to check with the city for details.

Originally a single-family home, this duplex can easily be converted back to suit your needs. Currently, the upper unit is tenanted, providing a steady rental income of $900 per month plus utilities. The main floor is vacant, ready for market rent, or perfect for owner occupancy. Imagine the financial advantage: the rental income from the upper unit can cover over $100,000 of your mortgage, making it feel like you're buying the property for just $225,000 in terms of monthly cash flow!

The property features a lovely yard and a two-car garage, conveniently divided to give each tenant their own space. Whether you're an investor looking for a lucrative opportunity or a homeowner seeking a charming residence with added income, this duplex offers flexibility and potential. Don't miss out on this unique property—schedule your viewing today!