Property Information:

143 Brockville Street offers a solid investment opportunity in Smiths Falls with strong income potential and future upside. This triplex features one 2 bedroom unit, one 3 bedroom unit, and one vacant 1 bedroom unit that could generate approximately $1,500/month inclusive of heat and hydro, allowing a new owner the opportunity to improve cash flow from day one. Apartment 1 - 3 bedroom - currently rents for $1,600/month inclusive of heat and hydro, while Apartment 3 - 2 bedroom - rents for $1,000/month with a $100/month credit for snow removal and grass cutting. The property is conveniently located within walking distance to downtown Smiths Falls, groceries, restaurants, and everyday amenities, making it attractive to tenants looking for affordability and convenience. The large shared rear yard adds usable outdoor space for tenants, while the basement laundry area offers additional potential for storage lockers or future improvements. With reasonable operating costs, reliable tenants, and the continued demand for rental housing in Smiths Falls due to its affordability and proximity to Ottawa, this property presents a practical opportunity for investors looking to add to their portfolio or enter the multi unit market. (id:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Type: Full
Exterior Finish: Aluminum siding
Floor Space: 1500 - 2000 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Water meter, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 3
Half Bathrooms: 3
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 120 Feet
Lot Frontage: 69 Feet
Lot Size: 69 x 120 FT
Structure Type: Porch
Zoning: Residential
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

Courtesy of: AVENUE NORTH REALTY INC.

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Demographic Information of 143 BROCKVILLE STREET, Smiths Falls, Ontario, K7A 3Y7

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 %

143 BROCKVILLE STREET, Smiths Falls, Ontario, K7A 3Y7