71 Stephen Street
901 - Smiths Falls, Smiths Falls, K7A 1K7
FOR SALE
$499,900
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
3 + 2
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 7 + 7
ROOMS X13790848
MLSID Contact Us
Property Description
Vacant upper unit, tenanted lower unit. Good upside potential here. This up/down duplex offers 3 bedrooms upstairs with a 4- piece bathroom, a kitchen, laundry closet, a dining area, a living room and mudroom entrance. The lower level adds a second self-contained suite with 2 more bedrooms, a 2nd kitchen, another living room and dining area plus a 4- piece bathroom. The home has 2 100-amp breaker panels, each unit with its own meter. Steel roofing (2022). One new hot water tank in 2014 and one in 2024. This is a great opportunity to live in and rent one suite or rent both units. An easy managed lot with parking on the side. Lower suite is currently tenanted and is being sold with a Buyer assuming the tenancy. Tenant paying $1100/month plus Hydro (heat) on a 1year lease through to Sept 30, 2026. Good sized yard. Parking for 4 vehicles. Steel roofing too. Note: Photos available only for the upper vacant unit. Lower level tenant is good and tidy but requested privacy.
Call
Property Features
Carpet Free, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Private
Call
Property Details
Address
71 Stephen Street
Community
City
Postal Code
K7A 1K7
Property Type
Duplex, Duplex
Zoning
R3 Residential
Lot Size
50' x 110'
Taxes
$4,123 (2025
Basement
Apartment, Finished
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
4
Garage Type
None
Call
Listing contracted with Re/Max Affiliates Marquis
71 Russell Street East offers a flexible opportunity for investors and owner-occupants alike. Whether you're looking to add to your portfolio, purchase your first income property, or explore the possibility of living in one unit while benefiting from rental income from the other, this duplex offers both flexibility and future potential. The property features two 2-bedroom, 1-bath units with existing tenants already in place, making it well suited to continued investment use while also presenting future owner-occupancy possibilities. Buyers entering the market may appreciate the opportunity to combine homeownership with income generation in one property. Recent updates provide added peace of mind, including a new roof completed in 2019 with 40-year shingles, along with two gas furnaces updated in 2017 and 2024. The property also offers ample tenant storage space and parking for three vehicles. Conveniently located close to schools, shopping, and everyday amenities, 71 Russell Street East presents an opportunity to step into the market with flexibility already built in, whether your goals are investment, homeownership, or a combination of both.
Call
Exceptional turnkey duplex with a classic red-brick exterior, offering solid income and recent property upgrades. The building features two self-contained 2-bedroom, 1-bathroom units, each with en-suite laundry, and separate gas/electric meters. One unit is newly vacant, having most recently rented for $1,700 per month, offering a new owner flexibility to select their own tenant or occupy. Recent improvements include new windows, masonry repairs, new floors, and fresh interior paint, helping reduce near-term capital needs. Located approximately 45 minutes from downtown Ottawa, the property offers an attractive balance of affordability, tenant demand, and long-term growth potential. Whether you're adding to an existing portfolio or stepping into your first multi-unit investment, this property offers immediate income and upside in a desirable commuter location.
Call
Call