7 Jasper Avenue, Smiths Falls, ON K7A 4B7 (Jasper and Beckwith Street N)

Price : $379,900.00 , MLS®# : X12783768

Description

Excellent opportunity for investors or owner-occupants alike! Fully tenanted side-by-side duplex located at 5-7 Jasper Avenue in Smiths Falls, set on a desirable street in a great location on an oversized lot. Featuring two separate driveways, this property offers added convenience and strong curb appeal. Ideal for those looking to expand their investment portfolio or live in one unit while generating income from the other to help offset your mortgage. 5 Jasper Avenue offers a 3-bedroom, 1-bathroom layout with an updated kitchen and bathroom, currently rented at $1,800/month. 7 Jasper Avenue is also a 3-bedroom, 1-bathroom home, currently rented at $899/month. Both tenants are on month-to-month leases and pay their own gas and hydro. Water is paid by the landlord. A solid income-producing property with excellent potential and flexibility in a growing community. Windows 2019, roof 2022, new bathroom 2021. Current cap rate of 6.04%. Potential cap rate 10.14%. NOI $22,929.72. Potential NOI $38,531.52

Location Description

Jasper and Beckwith Street N

Property Details
  • Community: 901 - Smiths Falls
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 6
  • Bath: 2
  • Garages: None
  • Annual Property Taxes : $ 2837
Building Features
  • Foundation Type: Unknown
  • Counstruction Material : Brick
  • Total Parking Space : 5
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 150 sq.ft
  • Land Depth: 144.88sq.ft

Listing Contracted With: SUTTON GROUP - OTTAWA REALTY