Property Information:

Cash-flowing investment property in the heart of Smiths Falls, just steps from the Rideau Canal. This well-maintained triplex offers strong, reliable income with a 5.49% cap rate and sits on a large corner lot with designated parking for each unit. Total annual income is $53,029.68 with expenses of $35,500.56, resulting in a healthy net income of $17,529.12. The building features three self-contained units, each offering two bedrooms and one full bathroom, along with shared laundry facilities in the basement, which has been spray foamed and the sewer lined replaced to ABS. Ideally positioned within walking distance to downtown Smiths Falls, schools, shopping, and everyday amenities, the consistent rental demand in Smiths Falls and a walkable location make this an attractive addition to any investment portfolio. Tenants can enjoy nearby Victoria and Centennial Parks, Turtle Island, and Murphy Park Public Beach, with easy access to festivals, skating, swimming, paddling, and year-round community events just steps from your front door. The downtown core is a short walk away, offering shops, restaurants, and scenic waterfront pathways. With a proven income stream, strong cap rate, ample parking, and an excellent lot size, this triplex represents a smart investment opportunity in a growing market. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Vinyl siding
Floor Space: 3000 - 3500 sqft
Foundation Type: Stone
Heating Type: Baseboard heaters, Forced air, Not known, Not known
Heating Fuel: Electric, Natural gas
Appliances: Intercom, Water meter, Dishwasher, Hood Fan, Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 3
Half Bathrooms: 2
Features:
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 116.7 Feet
Lot Frontage: 58.8 Feet
Lot Size: 58.8 x 116.7 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: CENTURY 21 SYNERGY REALTY INC.

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Demographic Information of 17 LOMBARD STREET, Smiths Falls, Ontario, K7A 4E8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$86,945.18

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.84 %

High school certificate or equivalent

33.7 %

Apprenticeship trade certificate/diploma

6.16 %

College/non-university certificate

22.6 %

University certificate (below bachelor)

0.39 %

University Degree

10.31 %

Commuter

Travel To Work

By Car

85.03 %

By Public Transit

0.0 %

By Walking

13.01 %

By Bicycle

0.0 %

By Other Methods

1.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

23.36 %

Houses

76.64 %

17 LOMBARD STREET, Smiths Falls, Ontario, K7A 4E8