Smiths Falls K7A 2L9

Whether you're an investor, multi-generational family, or first-time buyer, this home offers exceptional value and potential. Currently operating as a cash-flow positive duplex, this property can be easily converted back into a spacious single-family home by simply removing the partitions in the main floor foyer door frames. The main floor unit is owner occupied and will be vacant on closing, allowing the option to move in and enjoy the space, choose your own tenant, or begin the conversion immediately. This level includes a large bedroom, renovated 4pc bath, beautifully updated kitchen with high-end cabinetry, spacious living room, separate laundry and exclusive access to the basement and garage. The upper unit features 3 bedrooms, renovated 4pc bathroom, spacious kitchen, formal dining and third floor flex space that currently serves as a family room, office & bedroom. With no shortage of outdoor space, enjoy the lovely front porch, 2nd floor balcony and enclosed sunroom, fully fenced yard and large rear deck. Each unit is separately metered with annual expenses under $9,500, keeping carrying costs low. Convenient double-wide paved driveway with parking for 6 vehicles + garage. This unbeatable location is within walking distance of the arena, hospital, newly renovated library, downtown shops, cafés, restaurants, Station Theatre and convenience store. Eligible first-time buyers looking to convert the home back to a single-family residence may qualify for the Lanark County Downpayment Assistance Program, making this an even more attractive ownership opportunity. Whether you're looking to invest, supplement your mortgage with rental income, or create a stunning single family home, this property offers unmatched flexibility in a prime walkable location. Many recent updates include bathroom/kitchen renovation, new rear roof, eavestrough, new wiring, fresh paint, some new windows. Pre-list home inspection & full upgrades list available upon request.