For Sale: 3-5 Mary Street N, Smiths Falls, ON - REW
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$509,900
7 bd • 4 ba • 2500 - 2999 sf • Multifamily
3-5 Mary Street N
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$509,900
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3-5 Mary Street NSmiths Falls, ON, K7A 3R6

  • 7 Bed
  • 4 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

INVESTOR OPPORTUNITY! Income-producing two-unit property offering strong current rental income, substantial recent capital investment and future value-add potential. The two fully renovated units generate $4,375/month in current gross rent, or $52,500 annually, with 0% current vacancy/credit loss and a history of rents being paid on time or early. Improvements and repairs over the past 3-4 years, including fully renovated units, new appliances, replacement windows, newer furnaces, plumbing improvements, basement sump pumps and additional updates.The 4-bedroom, 1.5-bath unit at 3 Mary features a fenced backyard, parking, unfinished basement and furnace installed in 2024. The 3-bedroom, 1.5-bath unit at 5 Mary offers a large fenced backyard, generous driveway parking, unfinished basement and furnace installed in 2024. Tenants pay gas and hydro directly, while lawn/yard maintenance and snow removal are tenant responsibilities.The property offers approximately $52,500 in current annual gross rental income and a 10.50% gross rental yield based on the 2024 appraised value of $500,000. Potential future upside may include rental optimization, additional property improvements and investigation of severance/land-use potential, subject to municipal approvals and due diligence.An excellent opportunity for investors seeking an established income-producing property with significant recent improvements and potential for further value creation. (id:63626)
Listed by: Ricardo Andrade Marquez, Salesperson, ROYAL LEPAGE PERFORMANCE REALTY

Home facts and features

Price details
List Price
$509,900
Get Pre-Approved
Gross Taxes for 2025
$3,919
Home facts
Bedrooms
7
Full Bathrooms
2
Partial Bathrooms
2
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Lot Size
66 ft x 132 ft (8712 ft²)
Depth
132 feet
Frontage
66.0 feet
Exterior Finish
Steel
Heating Type
Forced air, Natural gas
Cooling
Window air conditioner
Basement Details
Unfinished,
Features
Irregular lot size
Appliances
Dryer, Two Refrigerators, Two Washers, Two stoves
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE PERFORMANCE REALTY
Secondary Agent
Shauna Guilfoyle
Secondary Broker
ROYAL LEPAGE PERFORMANCE REALTY
Listing details
Days on REW
2 Days
MLS® Number
X13874990
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
Interest Rate
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Property Insights

St Francis de Sales School
  • Catholic
  • 4 - 8
Duncan J Schoular Public School
  • Public
  • JK - 8
St James the Greater School
  • Catholic
  • JK - 3
Chimo Elementary School
  • Public
  • JK - 8
St. Luke Catholic School
  • Catholic
  • 7 - 12
Smiths Falls District Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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      Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-10-09.
      Call Agent
      Salesperson
      Ricardo Andrade Marquez
      Phone:
      (613) 869-6747
      Office:
      613-238-2801
      Salesperson
      Shauna Guilfoyle
      Phone:
      (613) 762-0780
      Office:
      613-238-2801
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