110 Chambers Street, Smiths Falls, ON

$579,999

Previous Next

4

Beds

2

Baths

2,000

Square feet

About 110 Chambers Street

TURNKEY INCOME OPPORTUNITY Duplex with $3,200/MONTH in current rental income! Welcome to 110 Chambers Street, a well-established two-unit property offering strong cash flow, separate hydro and over $60,000 in significant recent improvements. The upper unit rents for $1,400/month, while the lower unit generates $1,800/month. Tenants pay their own separately metered hydro, with the owner covering gas and water. Major capital improvements provide added peace of mind, including a new shingled roof with added sheeting (2022 - $20,300), new upper-unit washing machine (2024 - $1,000), new flat roof (2025 - $3,600), extensively restructured and replaced decks ($37,400), and updated lower eaves troughing on the Market Street side ($1,250). Original windows have also been replaced with vinyl windows. The property features radiant heating supplied by a high-efficiency gas boiler. The upper unit has an electric stove and electric water heater, while the lower unit has an electric stove and gas water heater. Parking is another bonus, with 2 spaces for the upper unit, potentially 3 with tandem parking, plus 1 space for the lower unit. With established tenants, impressive recent improvements and immediate rental income already in place, this is a compelling opportunity to add a solid income-producing property to your investment portfolio. Basement bathroom is being sold "as is."

Features of 110 Chambers Street

MLS® # X13827710
Price $579,999
Bedrooms 4
Bathrooms 2.00
Square Footage 2,000
Type Residential Freehold
Sub-Type Duplex
Style 2-Storey
Status Active

Community Information

Address 110 Chambers Street
Area Lanark
Subdivision 901 - Smiths Falls
City Smiths Falls
Province ON
Postal Code K7A 2Z1

Amenities

Parking Spaces 3
Garages None
Is Waterfront No
Pool None

Interior

Heating Radiant
Cooling Central Air
Fireplace No
Basement Full, Unfinished

Exterior

Exterior Brick, Vinyl Siding

Listing Details

OfficeEXP REALTY

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?