2 Foster Avenue Smiths Falls, Ontario K7A 1K1

$365,000

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. (id:55689)

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https://www.realtor.ca/real-estate/29720997/2-foster-avenue-smiths-falls-901-smiths-falls