71 RUSSELL STREET E, Smiths Falls

$425,000

For sale: Multiplex

Multiplex at 71 RUSSELL STREET E, Smiths Falls
Property type
Duplex
Bedrooms / bathrooms
4 bedrooms, 2 bathrooms
Living area
2,500 sqft
MLS®
MLS® X13006544
Neighbourhood
901 - Smiths Falls

71 Russell Street East offers a flexible opportunity for investors and owner-occupants alike. Whether you're looking to add to your portfolio, purchase your first income property, or explore the possibility of living in one unit while benefiting from rental income from the other, this duplex offers both flexibility and future potential. The property features two 2-bedroom, 1-bath units with existing tenants already in place, making it well suited to continued investment use while also presenting future owner-occupancy possibilities. Buyers entering the market may appreciate the opportunity to combine homeownership with income generation in one property. Recent updates provide added peace of mind, including a new roof completed in 2019 with 40-year shingles, along with two gas furnaces updated in 2017 and 2024. The property also offers ample tenant storage space and parking for three vehicles. Conveniently located close to schools, shopping, and everyday amenities, 71 Russell Street East presents an opportunity to step into the market with flexibility already built in, whether your goals are investment, homeownership, or a combination of both.

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.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 71 RUSSELL STREET E