48 ELMSLEY STREET S, Smiths Falls

$599,900

For sale: Multiplex

Multiplex at 48 ELMSLEY STREET S, Smiths Falls
Property type
Duplex
Bedrooms / bathrooms
2 bedrooms, 1 bathroom
Living area
3,500 sqft
MLS®
MLS® X13723672
Neighbourhood
901 - Smiths Falls

Looking for a great investment property then this is the one for you. This 2 unit property offers a 3 bedroom, 1 bath unit at the front of the building and a 2 bedroom, 1 bath unit at the back of the building. Both units are spacious and have access to an oversized backyard that provides plenty of green space where tenants can relax and enjoy summer evenings. The property is centrally located and within walking distance to local parks, the downtown core, area and hospital. There have been a number of updates over the years which include: two furnaces, approximately 10 years old. One gas hot water tank, approximately 10 years old, owned. Roof shingles: approximately 10 years old. Windows: approximately 10 years old. Unit A pays $1125.00 per month with water/sewer, heat & hydro included. Unit B pays $1050.00 with water/sewer, heat & hydro included. The pictures are of the 2 bedroom.

Sold data

Multiplex homes in Smiths Falls — recent sold market

Multiplex homes in Smiths Falls took a median of 51 days to sell over the last 730 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 92, across 36 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.

The median sale price was $389,900.

Homes sold for about 6.1% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 39% of sellers reduced their price before finding a buyer.

Median days to sell
51
Median sale price
$389,900
Sale-to-list ratio
93.9%
Sold above asking
8%

Based on 36 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Smiths Falls

Smiths Falls has 6 Fraser Institute–rated schools (4 elementary and 2 secondary), averaging 3.3/10.

Rated schools
6
Elementary
4
Secondary
2
Average rating
3.3 / 10

Top-rated schools in Smiths Falls

  • Montague — elementaryFraser rating 5.9/10
  • Chimo — elementaryFraser rating 3.7/10
  • Smiths Falls — secondaryFraser rating 3.7/10
  • St Francis de Sales — elementaryFraser rating 2.9/10
  • Duncan J Schoular — elementaryFraser rating 2.6/10
  • St. Luke Catholic — secondaryFraser rating 0.9/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 48 ELMSLEY STREET S