Advantage Group Real Estate
3-5 Mary Street N • Smiths Falls, ON photo 1
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$509,900
3-5 Mary Street N • Smiths Falls, ONSold Conditional
Courtesy of ROYAL LEPAGE PERFORMANCE REALTY
7
Bedrooms
4
Bathrooms
2500-3000
Square feet
6
Parking

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.

Property details

Property type
Duplex
Style
2-Storey
Total rooms
18
Lot size
66 × 132 ft
Property taxes
$3,919 (2026)
Occupancy
Tenanted
Days on market
27
Status
Active Under Contract
MLS®

Property history

Location

Open in Google Maps

Recently sold nearby

Listing data last updated: Nov 3, 2026, 1:29 p.m. EST via TRREB IDX.

First listed: Oct 8, 2026, 7:53 a.m. EDT.