37 Main Street, Smiths Falls, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $469,900 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.
- 9 Bedrooms and 5 Bathrooms with 4 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 60 x 120 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- Efficient forced air heating via gas
Description
Located in the heart of Smiths Falls, this 4-plex offers steady rental income and excellent future potential. The building includes three 2-bedroom units and one 3-bedroom unit and currently generates $5,100/month in rent, with all utilities included. The property is serviced by two furnaces and two electrical panels, with pony panels feeding each unit. Windows were updated in the last 10-15 years to enhance energy efficiency. Tenants benefit from ample on-site parking, and a detached garage offers dedicated storage space for three units a highly valued feature. Ideally located in the downtown core, residents enjoy convenient walkability to shops, restaurants, parks, and essential services. A solid, income-producing asset with room to grow ideal for investors looking to expand their portfolio in a growing community.
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Property Summary
This fourplex located at 37 Main Street, Smiths Falls is currently for sale and has been available on SousaSells for 418 days. This property is listed at $469,900 with an estimated mortgage of $1,564* per month. It has 9 beds, 5 bathrooms, and is 3000-3500 square feet. 37 Main 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
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 37 Main Street W, Smiths Falls, ON K7A 1M7
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 $469,900 in Smiths Falls, the legal minimum down payment is $23,495 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 $5,873 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 $5,873.
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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.