$469,000
For sale: Multiplex

UNBEATABLE VALUE!! Welcome to this spacious and versatile two-storey detached Side by Side Duplex in Smiths Falls, a great opportunity for investors, multi-generational families, first-time buyers or those looking to combine comfortable home ownership with potential rental income. The featured unit offers an inviting layout with plenty of natural light throughout. The main level welcomes you through a dedicated foyer into a bright living room that flows naturally into a separate dining room, providing an ideal setting for family meals, entertaining or a flexible home-office area, while the generously sized kitchen offers space for meal preparation and everyday living. Upstairs you will find three bedrooms, including a spacious primary bedroom, two additional bedrooms ideal for children, guests or office space, and a full four-piece bathroom with tub. Generous windows and the character of a traditional two-storey home create a comfortable setting for families and tenants alike. The detached duplex configuration provides the versatility of two separate residences under one roof, making this property appealing to an owner-occupier looking to offset monthly expenses, an investor seeking an income-producing property, or an extended family wanting independent living arrangements while remaining close together. Located in the welcoming community of Smiths Falls, the property offers convenient access to schools, shopping, grocery stores, restaurants, parks, recreation facilities and services. Enjoy the historic downtown, Rideau Canal and waterfront areas, with opportunities for walking, boating, paddling and outdoor recreation. Smiths Falls also offers VIA Rail service and a convenient Eastern Ontario location with access to Ottawa, Perth, Carleton Place and surrounding communities, making it attractive to commuters and those seeking value outside the city. Separate hydro and heat. One side vacant and easy to show! Some pictures virtually altered/staged to show potential.
Sold data
Multiplex homes in Smiths Falls took a median of 50 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 33 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.
The median sale price was $389,900.
Homes sold for about 5.9% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 39% of sellers reduced their price before finding a buyer.
Based on 33 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
Smiths Falls has 6 Fraser Institute–rated schools (4 elementary and 2 secondary), averaging 3.3/10.
School ratings from the Fraser Institute's Ontario school report cards.
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