143 Brockville Street, Smiths Falls, ON

Description

143 Brockville Street offers a solid investment opportunity in Smiths Falls with strong income potential and future upside. This triplex features one 2 bedroom unit, one 3 bedroom unit, and one vacant 1 bedroom unit that could generate approximately $1,500/month inclusive of heat and hydro, allowing a new owner the opportunity to improve cash flow from day one. Apartment 1 - 3 bedroom - currently rents for $1,600/month inclusive of heat and hydro, while Apartment 3 - 2 bedroom - rents for $1,000/month with a $100/month credit for snow removal and grass cutting. The property is conveniently located within walking distance to downtown Smiths Falls, groceries, restaurants, and everyday amenities, making it attractive to tenants looking for affordability and convenience. The large shared rear yard adds usable outdoor space for tenants, while the basement laundry area offers additional potential for storage lockers or future improvements. With reasonable operating costs, reliable tenants, and the continued demand for rental housing in Smiths Falls due to its affordability and proximity to Ottawa, this property presents a practical opportunity for investors looking to add to their portfolio or enter the multi unit market.