Listing ID: 1401625  
$325,000

40 RUSSELL STREET W

SOLID ROCK REALTY

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40 RUSSELL STREET W, Smiths Falls, Ontario, K7A1P2
Property TypeMulti-family

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:16400)


Details
LeaseNet Parking Spaces4
TransactionFor sale Zoning DescriptionR3
Building
Basement DevelopmentUnfinished Basement FeaturesLow
BasementUnknown (Unfinished) Construction MaterialMasonry
CoolingNone Exterior FinishBrick
FlooringLaminate FoundationStone
Heating FuelNatural gas HeatingForced air
Storeys Total2 TypeDuplex
Utility WaterMunicipal water
Land
Size Frontage55 ft ,3 in Current UseDevelopment residential
SewerMunicipal sewage system Size Depth120 ft ,11 in
Size Irregular55.28 ft X 120.88 ft (Irregular Lot)

Listing Office: SOLID ROCK REALTY

Data Provided by Ottawa Real Estate Board

Last Modified :12/07/2024 10:12:07 AM

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