Property Information:

71 Russell Street East offers a flexible opportunity for investors and owner-occupants alike. Whether you're looking to add to your portfolio, purchase your first income property, or explore the possibility of living in one unit while benefiting from rental income from the other, this duplex offers both flexibility and future potential. The property features two 2-bedroom, 1-bath units with existing tenants already in place, making it well suited to continued investment use while also presenting future owner-occupancy possibilities. Buyers entering the market may appreciate the opportunity to combine homeownership with income generation in one property. Recent updates provide added peace of mind, including a new roof completed in 2019 with 40-year shingles, along with two gas furnaces updated in 2017 and 2024. The property also offers ample tenant storage space and parking for three vehicles. Conveniently located close to schools, shopping, and everyday amenities, 71 Russell Street East presents an opportunity to step into the market with flexibility already built in, whether your goals are investment, homeownership, or a combination of both. (id:27)

Building Features:

Style: Duplex
Building Type: Duplex
Amenities: Separate Heating Controls, Separate Hydro Meters
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Brick
Floor Space: 2000 - 2500 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Stove, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 4
Bathrooms: 2
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 121.8 Feet
Lot Frontage: 61.5 Feet
Lot Size: 61.5 x 121.9 FT
Structure Type: Porch
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Courtesy of: SUTTON ESSENTIAL REALTY

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Demographic Information of 71 RUSSELL STREET E, Smiths Falls, Ontario, K7A 1G5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$91,555.54

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

29.12 %

High school certificate or equivalent

33.71 %

Apprenticeship trade certificate/diploma

2.98 %

College/non-university certificate

26.01 %

University Degree

8.18 %

Commuter

Travel To Work

By Car

82.8 %

By Public Transit

0.0 %

By Walking

15.55 %

By Bicycle

0.0 %

By Other Methods

1.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.31 %

Houses

69.69 %

71 RUSSELL STREET E, Smiths Falls, Ontario, K7A 1G5