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Est. payment | /mo
4 Beds
2 Baths
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Est. payment | /mo
4 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 901 - Smiths Falls
MLS Listing ID X13827710
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,062
Tax Year 2025
Property Sub-Type Duplex
Property Description
TURNKEY INCOME OPPORTUNITY Duplex with $3,200/MONTH in current rental income! Welcome to 110 Chambers Street, a well-established two-unit property offering strong cash flow, separate hydro and over $60,000 in significant recent improvements. The upper unit rents for $1,400/month, while the lower unit generates $1,800/month. Tenants pay their own separately metered hydro, with the owner covering gas and water. Major capital improvements provide added peace of mind, including a new shingled roof with added sheeting (2022 - $20,300), new upper-unit washing machine (2024 - $1,000), new flat roof (2025 - $3,600), extensively restructured and replaced decks ($37,400), and updated lower eaves troughing on the Market Street side ($1,250). Original windows have also been replaced with vinyl windows. The property features radiant heating supplied by a high-efficiency gas boiler. The upper unit has an electric stove and electric water heater, while the lower unit has an electric stove and gas water heater. Parking is another bonus, with 2 spaces for the upper unit, potentially 3 with tandem parking, plus 1 space for the lower unit. With established tenants, impressive recent improvements and immediate rental income already in place, this is a compelling opportunity to add a solid income-producing property to your investment portfolio. Basement bathroom is being sold "as is."
Location
State ON
County Lanark
Area Lanark
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 2
Interior
Interior Features None
Cooling Central Air
Inclusions 2 Refrigerators, 2 Stoves, 2Dishwashers, 2 Washers, 2Dryers.
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 66.0
Lot Depth 40.0
Total Parking Spaces 3
Building
Foundation Stone
Others
Senior Community No
ParcelsYN No
Virtual Tour https://easyagentmedia.hd.pics/110-Chambers-St/idx
Listed by EXP REALTY