!!2 FOR 1 DEAL!! Both Sides of a Semi-Detached Home Available in Smiths Falls!! Available

  • $250,000
  • 8 beds
  • 2 baths
  • ~1100-1499 sqft
This very large, semi-detached home is being sold in its entirety! For only $250,000, you are getting a combined total of 8 bedrooms, 2 bathrooms, as well as incredible potential!! One side of the semi is currently tenanted on a month-to-month basis, and the second will be vacant upon closing. The inside of the house offers ample space, and features a correspondingly large, treed backyard. Centrally located close to any and everything in Smiths Falls, this will make for a perfect, cash flow positive opportunity for any interested Investor. This is one winning opportunity that you will not want to miss!!
We are selling our assignable purchase contract.
Closing is November 2nd, 2021
*As per our APS, the Seller is permitted to extend to closing 1 time, by up to 30 calendar days. If the Seller is to extend the closing date, they must provide written notice at least 30 calendar days before the original closing date.*

**As per our APS, the Buyer agrees to assume the current tenants.**

PROPERTY FEATURES
Please note: This property is a semi-detached house, with both sides under one ownership. One side is currently occupied by the Seller, and will be vacant upon closing. The second side is tenanted, on a month-to-month basis and the Buyer is obligated to assume the current tenants upon closing.

  • 8 bedrooms
    • 4 bedrooms are located in Semi A
    • 4 bedrooms are located in Semi B
  • 2 bathrooms
    • 1 bathroom is located in Semi A
    • 1 bathroom is located in Semi B
  • Built in 1910
  • Above grade: ~1100-1499 sq ft (per unit, Buyer to verify)
  • Basement: ~400-699sq ft (per unit, Buyer to verify)
  • All appliances from Semi B will be included
  • All appliances from Semi A will be excluded as these belong to the tenant
  • Flooring is a mix of wood, tile, and linoleum
  • 100 AMP breaker panel
  • Gas furnace is owned, and is approximately 10-years-old (as per Seller)
  • 2 HWT’s, both are owned (as per Seller)
  • 2 hydro meters
    • Only 1 water bill comes to the property, and it is paid by the Seller (as per Seller)
  • No central AC
  • Roof is approximately 10-years-old (as per Seller)
    • There are some water stains that can be seen throughout the property that were caused by a previous leak in the roof. When the roof was replaced 10-years-ago, it resolved the issue, however there is cosmetic damage that will need to be repaired (as per Seller)
  • Large backyard that is divided and separated by a fence
  • Detached garage, located on one side of the property
  • Parking for 3 vehicles in the driveway
    • While the driveway is located on one side of the property, there is an area where an additional car can be parked on the other side of the property (see HERE)
  • On municipal services
  • Lot size: 66.00 ft x 132.00 ft (as per Geowarehouse)
  • Site Area: 8,712.00 sq ft (as per Geowarehouse)
  • Zoning: R3

SEMI BREAKDOWN
Semi A (currently tenanted):

  • 4 bedrooms
  • 1 full bathroom
  • Kitchen
  • Living room
  • We do not believe that there is a laundry hookup available (Buyer to verify)
  • Access to the driveway for parking
  • Month-to-month basis (no formally signed lease, as per Seller)
  • Rent: $1000/month+ utilities
    • Only 1 water bill comes to the property, and it is currently paid by the Seller. However, the tenant is responsible for all of their other utilities.

Semi B (occupied by the Seller, vacant upon closing):

  • 4 bedrooms
  • 1 full bathroom
  • Kitchen
  • Living room
  • In-unit laundry
  • 1 parking spot directly in front of the unit
  • Seller currently has access to the garage, and they are utilizing it as storage

PROPERTY NEEDS

  • Cosmetic updating
  • Some windows will need to be replaced (as per Seller)
  • The tenant’s closed-in porch will likely need to be removed (as per Seller)

 

Please click HERE for more pictures and information.

Price:
$250,000
Address:
Russell St E & Mary St N
Smiths Falls, ON
Square Feet:
~1100-1499
Lot Size:
66.00 ft x 132.00 ft
Bedrooms:
8
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Other
Year Built:
1910

Call (647) 400-2093 for more details

Property Location