+7 more
$299,000
137 Beckwith
Smiths Falls (901 - Smiths Falls), Ontario, K7A2C7
multiplex·sale·
5
Bedrooms
2
Bathrooms
2,000 sqft
Living Area
2
Parking
About This Property
This 5-bedroom, 2-bathroom multi-family in Smiths Falls offers 2,000 sqft of living area. 2 storeys. The property has lot dimensions of 45.3 FT. The home features forced air, natural gas heating, a crawl space basement.
MLS Remarks
Welcome to 137 Beckwith St North, a well-located up/down duplex offering strong income potential and flexibility for both investors and owner-occupants. Situated on a desirable street in a growing community, this property is an ideal addition to any portfolio or a smart way to offset your mortgage by living in one unit while renting the other. The upper unit features a spacious 3-bedroom, 1-bathroom layout and is currently tenanted by long-term occupants paying $1,194.76/month. The lower unit offers a bright 2-bedroom, 1-bathroom layout that will be vacant May 31, 2026, providing the opportunity to set your own rent (previously rented at $1,600/month). This property is well-configured for investment, with separate hydro meters and furnaces, allowing each unit to pay their own gas and hydro. Water is paid by the landlord. Additional highlights include two parking spaces and key updates: windows (2023), roof (2017), electrical (2016), and plumbing (2019), downstairs bathroom update (2025), downstairs flooring (2025). With a current cap rate of 8.71% and NOI of $23,928.23, this is a solid, income-producing asset with excellent upside potential. (Based on market rents, there is also the opportunity to achieve a potential cap rate of 11.33% if the upper unit is rented at $1,850/month.) (id:60351)
Overview
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