75 Winnifred Street, Smiths Falls, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 901 - Smiths Falls. Expertly crafted featuring premium brick and other construction, this residence presents an exceptional opportunity offered at $475,000 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 66 x 132 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Primary Bedroom - Main Floor, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Fantastic Investment Opportunity or Multi-Generational Home in Smiths Falls! Welcome to this versatile, income-generating bungalow duplex, perfectly situated in a desirable Smiths Falls neighborhood. The upper level features a spacious and bright 3-bedroom, 1-bathroom unit currently occupied by an excellent tenant paying $2,250/month. The lower level hosts a cozy 1-bedroom, 1-bathroom unit that was beautifully renovated in 2022 and will be vacant by the end of June-offering the perfect opportunity to set your own market rent (previously $1,650/month) or move in yourself! Both units come fully equipped with their own full sets of appliances, ensuring ultimate convenience for residents. Outside, you'll find a shared garage and a spacious, fully fenced backyard perfect for pets, children, or summer BBQs. Best of all, this property boasts incredible flexibility; it can easily be converted back into a large, single-family home to suit your long-term needs. Whether you are looking to house-hack, add a turnkey earner to your portfolio, or find a home with an in-law suite, this property is a must-see! 24 hrs notice for showings.
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Key Features
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Fenced Yard
Interior Features
Primary Bedroom - Main Floor, In-Law Suite
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 75 Winnifred Street N, Smiths Falls, ON K7A 2N8
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About Purchasing a Home in Smiths Falls, ON
For a property listed at $475,000 in Smiths Falls, the legal minimum down payment is $23,750 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 $5,975 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 $5,975.
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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.