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3-5 Mary Street N in Smiths Falls for sale

Asking price
$509,900
Estimate (Oct 08)
$492,121
MLS #:
X13874990
Type:
Duplex, 2-Storey
Approx. SQFT:
2500-3000
Basement:
Unfinished
7 7
66 x 132 ft lot
INVESTOR OPPORTUNITY! Income-producing two-unit property offering strong current rental income, substantial recent capital investment and future value-add potential. The two fully renovated units generate $4,375/month in current gross rent, or $52,500 annually, with 0% current vacancy/credit loss and a history of rents being paid on time or early. Improvements and repairs over the past 3-4 years, including fully renovated units, new appliances, replacement windows, newer furnaces, plumbing improvements, basement sump pumps and additional updates.The 4-bedroom, 1.5-bath unit at 3 Mary features a fenced backyard, parking, unfinished basement and furnace installed in 2024. The 3-bedroom, 1.5-bath unit at 5 Mary offers a large fenced backyard, generous driveway parking, unfinished basement and furnace installed in 2024. Tenants pay gas and hydro directly, while lawn/yard maintenance and snow removal are tenant responsibilities.The property offers approximately $52,500 in current annual gross rental income and a 10.50% gross rental yield based on the 2024 appraised value of $500,000. Potential future upside may include rental optimization, additional property improvements and investigation of severance/land-use potential, subject to municipal approvals and due diligence.An excellent opportunity for investors seeking an established income-producing property with significant recent improvements and potential for further value creation.

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  • Date Listed: Thursday, October 08, 2026
  • Listing Brokerage: Royal Lepage Performance Realty - Disclaimer: The information contained in this listing has not been verified by Royal Lepage Performance Realty and should be verified by the buyer.
  • City: Smiths Falls

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  • Neighbourhood: Smiths Falls
  • Major Intersection: Main St E & William St E
  • Full Address: 3-5 Mary Street N, Smiths Falls, K7A 3R6, Canada, ON, Canada
  • Amenities:
  • Taxes: $3,919.00 (2026)

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