Smiths Falls, ON K7A 1P2,40 RUSSELL ST W

$310,000

Est. payment /mo

$325,000

4.6%
Est.Price: ?

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40 RUSSELL ST W Smiths Falls, ON K7A 1P2

SOLD DATE : 08/22/2024

Key Details

Sold Price $310,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID X9444416

Sold Date 08/22/24

Annual Tax Amount $3,838

Tax Year 2023

Property Description

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., Flooring: Laminate

Location

Province ON

County Lanark

Zoning R3

Rooms

Basement Unfinished

Interior

Cooling None

Exterior

Garage Spaces 4.0

Roof Type Asphalt Shingle

Parking Type Detached

Total Parking Spaces 4

Building

Foundation Stone

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Listed by SOLID ROCK REALTY

GARRY BASSAN

Sales Representative | License ID: 5006208

+1(647) 285-5790

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