5 ROBINSON AVENUE

Smiths Falls, ON K7A1K3

DUPLEX- This turnkey 1900 sq. ft. duplex is generating strong income from day one, making it an excellent investment opportunity or an ideal owner-occupied property. The main-floor unit is a spacious 2-bedroom, 1-bath suite featuring a fenced private backyard and covered deck. All appliances are included (dishwasher not connected and sold as is). The upper unit offers a 2+1 bedroom, 1-bath layout with appliances included and access to an upper deck from one of the bedrooms. Current rents are $1,700/month for Unit 1 and $1,600/month for Unit 2, with tenants paying their own heat and hydro. Water and sewer are paid by the landlord. Hot water heaters are rentals at $18.58 + HST per unit, and both furnaces are rentals at $93.21 + HST per unit ($223.58 + HST monthly total, and furnaces are transferable). Annual water and sewer costs are approximately $1,400. Whether you're looking to invest, live in one unit while the rental income helps cover most of the mortgage, or add to your investment portfolio, this property is a smart and flexible way to enter-or expand within-the housing market. All pictures are prior to tenants moving in. Many updates have been done to both units; pictures are prior to tenants. 24-36 hours must be given to both tenants for all showings. (id:31684)

Listing courtesy of: Bambi Marshall of RE/MAX HOMETOWN REALTY INC

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