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$799,000
Smiths Falls
42 CHURCH Street West, Smiths Falls, Ontario, K7A1P7
This multi-family property in Smiths Falls is for sale offering roughly 4,250 sq ft of space.
Welcome to this beautiful Victorian brick 4-plex, ideally situated in one of Smiths Falls' most prestigious and historically rich neighborhoods where the upper management of the railroad formerly lived. This quiet, residential area offers charm and tranquility, while being just two blocks from the main business district and all amenities in the revitalized downtown core. The property is also conveniently located near the UNESCO World Heritage Site Rideau Canal, offering access to scenic walking trails and outdoor recreation. It features: Fully tenanted building with strong rental demand, Four separate hydro meters, New forced-air gas furnace. Located in an area benefiting from major community upgrades, including: New water treatment plant, New community center, New high school, Expansion of the existing hospital. This is an excellent rental market, with the majority of Canopy Tweed employees wanting to live in Smiths Falls close to their workplace, in an area of beautiful homes which will attract good tenants because of the upscale atmosphere. Three 3-bed units & one 2 bed unit, cash cow. This property's upscale surroundings and historic charm make it especially attractive to reliable tenants. RENTS; (1) $1,550 (2) $1,695 (3) $1,625 (4) $2,050 (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 203 days on market, against an average age of 81 days across the listings currently for sale in this city
This 11-bed multi-family in Smiths Falls is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 10.7× the local median household income of $74,500.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 109% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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