$ 509,900
3-5 Mary Street N
3-5 Mary Street N, Smiths Falls, ON K7A3R6 Photo 1
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3-5 Mary Street N, Smiths Falls

INVESTOR OPPORTUNITY! Income-producing two-unit property offering strong current rental income, substantial recent capital investment and future value-add potential. The two fully renovated units generate $4,375/month in current gross rent, or $52,500 annually, with 0% current vacancy/credit loss and a history of rents being paid on time or early. Improvements and repairs over the past 3-4 years, including fully renovated units, new appliances, replacement windows, newer furnaces, plumbing improvements, basement sump pumps and additional updates.The 4-bedroom, 1.5-bath unit at 3 Mary features a fenced backyard, parking, unfinished basement and furnace installed in 2024. The 3-bedroom, 1.5-bath unit at 5 Mary offers a large fenced backyard, generous driveway parking, unfinished basement and furnace installed in 2024. Tenants pay gas and hydro directly, while lawn/yard maintenance and snow removal are tenant responsibilities.The property offers approximately $52,500 in current annual gross rental income and a 10.50% gross rental yield based on the 2024 appraised value of $500,000. Potential future upside may include rental optimization, additional property improvements and investigation of severance/land-use potential, subject to municipal approvals and due diligence.An excellent opportunity for investors seeking an established income-producing property with significant recent improvements and potential for further value creation. (id:1945)
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Property details for 3-5 Mary Street N, Smiths Falls

Type
Multi-family
Bedrooms
7
Bathrooms
4
Lot Size
66 x 132 FT
Stories
2
Basement
Unfinished, N/A
Parking
No Garage
Heating
Forced air, Natural gas
Cooling
Window air conditioner
Exterior
Steel
Annual Taxes
$3,919 (2025)

Nearby Listings Stat

Estimated price and comparable properties near 3-5 Mary Street N

Active Listings
2
Min Price
$509,900
Max Price
$699,900
Avg Price
$604,900
Days on Market
14
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Neighbourhood Census Data

Smiths Falls, Ontario

Population
452
Median Age
40.5
Median Income
$22,784
Dwelling Value
$170,564

Housing Tenure

Owners 44%
Renters 56%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.1
Pop. Density: 3,273.0/km²
Avg Shelter Cost: $1,081/mo
Owners with Mortgage: 80%
Owners Spending 30%+: 35%
Tenants Spending 30%+: 44.4%
English only: 93.3%
English and French: 7.8%
Median Household Income: $37,760
Median Employment Income: $21,696

Price History

Listed
October 8, 2026
by ROYAL LEPAGE PERFORMANCE REALTY
Current Price
$509,900
Type
Multi-family
For Sale
3-5 Mary Street N

Contact Agent Get in touch about 3-5 Mary Street N, Smiths Falls

Ricardo Andrade Marquez
Ricardo Andrade Marquez
ROYAL LEPAGE PERFORMANCE REALTY

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