48 Elmsley Street
901 - Smiths Falls, Smiths Falls, K7A 3P6
FOR SALE
$599,900
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2
BEDROOMS 1
BATHROOMS 1
KITCHENS 4
ROOMS X13723672
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Property Description
Looking for a great investment property then this is the one for you. This 2 unit property offers a 3 bedroom, 1 bath unit at the front of the building and a 2 bedroom, 1 bath unit at the back of the building. Both units are spacious and have access to an oversized backyard that provides plenty of green space where tenants can relax and enjoy summer evenings. The property is centrally located and within walking distance to local parks, the downtown core, area and hospital. There have been a number of updates over the years which include: two furnaces, approximately 10 years old. One gas hot water tank, approximately 10 years old, owned. Roof shingles: approximately 10 years old. Windows: approximately 10 years old. Unit A pays $1125.00 per month with water/sewer, heat & hydro included. Unit B pays $1050.00 with water/sewer, heat & hydro included. The pictures are of the 2 bedroom.
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Property Features
Water Heater
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Property Details
Address
48 Elmsley Street
Community
City
Postal Code
K7A 3P6
Property Type
Duplex, Duplex
Zoning
Residential
Lot Size
48' x 251'
Acreage
0.3 Feet
Taxes
$4,532 (2025
Basement
Unfinished
Exterior
Deck
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Integrity Realty
This is about as close to "brand new" as an existing property gets. Over the past 4-5 years, 9 Kent St has been rebuilt from the brick out - new framing, spray foam insulation, electrical, plumbing, HVAC, windows, doors, roof, and both kitchens and bathrooms. What you're buying isn't a renovation project; it's the result of one, already done! The layout works as well as the finishes do. The main floor unit offers a comfortable 1-bedroom, 1-bath layout, while the second floor holds a bright 2-bedroom, 1-bath space - both units carrying the same clean, low-maintenance laminate flooring throughout. Whether you're looking to occupy one unit and offset your mortgage with the other, or run it as a full investment property, the separation and flow between units make either scenario easy to manage. Step outside and the good news continues. The backyard is genuinely set up for living, not just sitting empty, but a patio with a gazebo that gives both units a place to unwind, there's a storage shed for the overflow gear every household collects, and rear parking takes the guesswork out of where tenants or guests will leave their cars. For investors, this is a rare find: a fully updated, low-maintenance duplex with major systems already handled, meaning your first years of ownership can be about cash flow, not capital expenditures. For owner-occupants, it's a chance to live in one unit with rental income covering a meaningful chunk of your monthly costs.
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