178 Chambers Street
901 - Smiths Falls, Smiths Falls, K7A 2Z6
FOR SALE
$339,900
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BEDROOMS2
BATHROOMS2
KITCHENS12
ROOMSX13186152
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Property Description
Exceptional investment opportunity in Smiths Falls! This spacious duplex is ideally located within walking distance to downtown amenities, restaurants, shopping, parks, and everyday conveniences, making it an attractive option for both investors and tenants alike. Offering two well laid out units, this property features a spacious 3-bedroom unit and a well-appointed 2-bedroom unit, each with their own laundry facilities and parking spaces for added convenience. With the soon-to-be vacant 3-bedroom unit generating $1,175/month and the 2-bedroom unit bringing in $1,400/month, providing immediate income potential with room for future growth. The layout of both units offers comfortable living spaces, functional kitchens, and nice size bedrooms that appeal to long-term renters. A rare bonus is the double car garage, presenting endless possibilities for additional income, tenant storage, workshop space, or personal owner use. Whether you're looking to expand your investment portfolio, live in one unit while generating income from the other, or secure a property with strong future upside, this duplex offers flexibility and value. With strong rental appeal, ample parking, and a convenient location close to schools, parks, and downtown amenities, this is an excellent opportunity to own a solid income-producing property. Opportunity knocks - call today!
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Property Features
Separate Hydro Meter, Separate Heating Controls, Private
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Property Details
Address
178 Chambers Street
Community
City
Postal Code
K7A 2Z6
Property Type
Duplex, Duplex
Lot Size
58' x 115'
Taxes
$3,409 (2025
Basement
None, Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Attached
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Listing contracted with Re/Max Affiliates Marquis
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.)
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This duplex offers an excellent opportunity for investors, renovators, or buyers looking to build equity in a centrally located property within walking distance to downtown, shopping, restaurants, and amenities. Featuring two spacious units, each offering 3 bedrooms and 1 bathroom, the property provides a functional layout with strong future potential. The exterior offers attractive stone front and a steel roof completed in 2023, providing long-term durability and value. The interior is ready for significant updating and improvements, presenting a blank canvas for those looking to renovate and customize to their vision. A great opportunity to restore, modernize, and maximize the potential of an income property in a convenient location close to the heart of town. Duplex is being sold as is, due to the unknown and work required in the interior.
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