47 Main 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 vinyl siding construction, this residence presents an exceptional opportunity offered at $359,900 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.
- 2 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 42.69 x 119.47 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient baseboard heating via electric
Description
Situated in a prime location in Smiths Falls, this unique mixed-use building offers a rare investment opportunity within walking distance of shopping, restaurants, parks, and other key amenities. The property includes two residential 1-bedroom, 1-bathroom units currently rented at $813/month and $922.50/month, providing steady income from day one. An additional VACANT commercial unit offers exceptional flexibility for an owner, entrepreneur, or investor looking to secure additional rental income at market rates. Combining residential stability with commercial potential, this property is a versatile addition to any real estate portfolio.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 47 Main Street E, Smiths Falls, ON K7A 1A5
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About Purchasing a Home in Smiths Falls, ON
For a property listed at $359,900 in Smiths Falls, the legal minimum down payment is $17,995 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 $3,874 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 $3,874.
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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.