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$ 549,900
Est. payment /mo
New
17 Lombard ST Smiths Falls, ON K7A 4E8
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 901 - Smiths Falls
MLS Listing ID X12651152
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,593
Tax Year 2025
Property Sub-Type Triplex
Appx SqFt 3000-3500
Property Description
Cash-flowing investment property in the heart of Smiths Falls, just steps from the Rideau Canal. This well-maintained triplex offers strong, reliable income with a 5.49% cap rate and sits on a large corner lot with designated parking for each unit. Total annual income is $53,029.68 with expenses of $35,500.56, resulting in a healthy net income of $17,529.12. The building features three self-contained units, each offering two bedrooms and one full bathroom, along with shared laundry facilities in the basement, which has been spray foamed and the sewer lined replaced to ABS. Ideally positioned within walking distance to downtown Smiths Falls, schools, shopping, and everyday amenities, the consistent rental demand in Smiths Falls and a walkable location make this an attractive addition to any investment portfolio. Tenants can enjoy nearby Victoria and Centennial Parks, Turtle Island, and Murphy Park Public Beach, with easy access to festivals, skating, swimming, paddling, and year-round community events just steps from your front door. The downtown core is a short walk away, offering shops, restaurants, and scenic waterfront pathways. With a proven income stream, strong cap rate, ample parking, and an excellent lot size, this triplex represents a smart investment opportunity in a growing market.
Location
Province ON
County Lanark
Area Lanark
Rooms
Family Room Yes
Basement Unfinished
Kitchen 3
Interior
Interior Features Primary Bedroom - Main Floor, In-Law Suite, Intercom, Water Meter, Storage
Cooling Other
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 58.8
Lot Depth 116.73
Total Parking Spaces 5
Building
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://u.listvt.com/mls/220537316
Listed by CENTURY 21 SYNERGY REALTY INC.

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