71 Russell Street

Located in the heart of charming Smiths Falls, this exceptional duplex presents an incredible opportunity for investors, multi-generational living, or owner-occupants looking to offset their mortgage with rental income. Just steps from downtown shops, restaurants, parks, schools, and amenities, this centrally located property offers the perfect blend of convenience, flexibility, and long-term potential. The spacious front unit features an impressive two-storey layout with 3 large bedrooms and 1.5 bathrooms, offering the feel and function of a full family home. Bright, generous living spaces and a practical floor plan make this unit highly desirable for families or professional tenants alike. Following recent water damage, the front unit is undergoing a complete renovation beginning June 1st, giving the next owner the advantage of fresh, modern updates and increased rental value without the hassle of organizing the work themselves. Tucked privately at the rear of the property is a well-appointed two-storey 1-bedroom plus den unit, ideal for singles, couples, or a home office setup. The current tenants of this unit are moving out at the end of June, creating a fantastic opportunity to set your own rents, select new tenants, or occupy either unit yourself. Both units are fully self-contained and highly functional, each offering in-unit laundry, separate hydro meters, separate gas meters, and individual forced-air gas furnaces - a rare and valuable feature that keeps operating costs streamlined and tenant responsibilities clearly divided. Whether you're expanding your investment portfolio, entering the real estate market with income support, or searching for a versatile property in a growing community, this duplex checks all the boxes. Opportunities like this - with vacant possession potential, major renovations underway, and unbeatable walkability - are hard to find in today's market.

Located in the heart of the growing community of Smiths Falls, this exceptional duplex presents an outstanding investment opportunity for both seasoned investors and owner-occupants alike. Perfectly positioned on a desirable corner lot, this well-maintained property offers two self-contained units, each with independent driveways, private living spaces, and in-unit laundry - features highly sought after by today's tenants. The property consists of a cozy and efficient 1-bedroom unit currently generating $1,275/month, alongside a spacious 2-bedroom unit bringing in $1,700/month, providing strong and reliable income potential from day one. Current tenants are an excellent asset to the property, offering immediate cash flow and added peace of mind for the next owner. The upper unit has seen many recent updates, while the property as a whole has benefited from numerous improvements and upgrades throughout the Seller's ownership, reflecting true pride of ownership and ongoing care. Spacious, bright interiors and functional layouts create comfortable living environments that continue to attract quality tenants. Outside, the corner lot offers excellent access, ample parking, and added curb appeal. The attached single-car garage provides even more versatility - ideal for additional rental income, secure owner storage, or a workshop space. Conveniently located close to schools, shopping, parks, restaurants, and everyday amenities, this is an opportunity to own a solid income-producing property in one of Eastern Ontario's growing communities. Whether you are looking to expand your investment portfolio, offset your mortgage by living in one unit while renting the other, or secure a turnkey duplex with dependable tenants already in place, this property checks all the boxes.

Perfect opportunity for owner-occupants or investors-this duplex offers both flexibility and strong income potential. Each unit features private laundry, galley kitchens, and high ceilings, creating bright and functional living spaces. Live in one unit while the other helps offset your mortgage, or generate income from both. Located within walking distance to the hospital, community centre and downtown. Plenty of off-street parking and a spacious yard complete the package.Both units have separate heat and hydro meters (owner pays water/sewer). The large attic offers potential for storage or future expansion. Build immediate equity here, while upper unit brings in $1,850/ month and lower unit $973/month. Sold-as-is.