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40 RUSSELL STREET W
Smiths Falls, Ontario K7A1P2

$325,000

ID# 1401625

ABOUT THIS PROPERTY


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. (id:25961)

PROPERTY DETAILS


Cooling Type None
Flooring Type Laminate
Heating Type Forced air
Heating Fuel Natural gas
Stories Total 2

Property Type


Multi-family
Courtesy of SOLID ROCK REALTY
Listed on: July 09, 2024

On market: 6 days

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