4-6 Market Street, Smiths Falls, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium stone construction, this residence presents an exceptional opportunity offered at $249,000 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 39 x 60 ft lot
- Features a exposed rock basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Separate Heating Controls
- Efficient forced air heating via gas
Description
This duplex offers an excellent opportunity for investors, renovators, or buyers looking to build equity in a centrally located property within walking distance to downtown, shopping, restaurants, and amenities. Featuring two spacious units, each offering 3 bedrooms and 1 bathroom, the property provides a functional layout with strong future potential. The exterior offers attractive stone front and a steel roof completed in 2023, providing long-term durability and value. The interior is ready for significant updating and improvements, presenting a blank canvas for those looking to renovate and customize to their vision. A great opportunity to restore, modernize, and maximize the potential of an income property in a convenient location close to the heart of town. Duplex is being sold as is, due to the unknown and work required in the interior.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 4-6 Market Street S, Smiths Falls, ON K7A 2E1
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About Purchasing a Home in Smiths Falls, ON
For a property listed at $249,000 in Smiths Falls, the legal minimum down payment is $12,450 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 $2,215 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 $2,215.
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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.