71 STEPHEN STREET, Smiths Falls

$499,900

For sale: Multiplex

Multiplex at 71 STEPHEN STREET, Smiths Falls
Property type
Duplex
Bedrooms / bathrooms
5 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X13790848
Neighbourhood
901 - Smiths Falls

Vacant upper unit, tenanted lower unit. Good upside potential here. This up/down duplex offers 3 bedrooms upstairs with a 4- piece bathroom, a kitchen, laundry closet, a dining area, a living room and mudroom entrance. The lower level adds a second self-contained suite with 2 more bedrooms, a 2nd kitchen, another living room and dining area plus a 4- piece bathroom. The home has 2 100-amp breaker panels, each unit with its own meter. Steel roofing (2022). One new hot water tank in 2014 and one in 2024. This is a great opportunity to live in and rent one suite or rent both units. An easy managed lot with parking on the side. Lower suite is currently tenanted and is being sold with a Buyer assuming the tenancy. Tenant paying $1100/month plus Hydro (heat) on a 1year lease through to Sept 30, 2026. Good sized yard. Parking for 4 vehicles. Steel roofing too. Note: Photos available only for the upper vacant unit. Lower level tenant is good and tidy but requested privacy.

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.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