17 Lombard Street, Smiths Falls, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $549,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 58.8 x 116.73 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor, In-Law Suite, Intercom
- equipped with other central cooling and highly efficient baseboard heating via electric
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 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.
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Property Summary
This triplex located at 17 Lombard Street, Smiths Falls is currently for sale and has been available on SousaSells for 205 days. This property is listed at $549,900 with an estimated mortgage of $1,830* per month. It has 6 beds, 3 bathrooms, and is 3000-3500 square feet. 17 Lombard Street, Smiths Falls is in the 901 - Smiths Falls neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
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Features
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Interior Features
Primary Bedroom - Main Floor, In-Law Suite, Intercom, Water Meter, Storage
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 17 Lombard Street, Smiths Falls, ON K7A 4E8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Smiths Falls, ON
For a property listed at $549,900 in Smiths Falls, the legal minimum down payment is $29,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,473 for this transaction. As this listing is in Smiths Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.