Investor Opportunity · Smiths Falls, Ontario

3 & 5 Mary St N

Renovated income-producing duplex with established tenancy, substantial recent capital investment and multiple avenues for future value creation.

Explore the Investment View Property

$52,500Current annual gross rent

2Rental units

7Total bedrooms

100%Current occupancy

The Investment Case

Income in place. Capital already invested. Upside to explore.

The property combines current rental income with a significant history of renovations and improvements. Gas and hydro are paid directly by tenants, helping keep the landlord's operating profile straightforward.

Potential value-creation avenues include rental optimization, additional property improvements and possible intensification, subject to zoning, approvals and due diligence.

$4,375Monthly gross rent

~$250KRecent capital investment

Gas + HydroTenant-paid

7 BedsAcross both units

Property Gallery

Renovated, bright and tenant-ready.

Two-Unit Profile

Two renovated rental units under one investment.

3 Mary St N

$2,225 / month

4 bedrooms · 1.5 bathrooms
Fully renovated with new appliances
Small fenced backyard and parking
Unfinished basement
Furnace installed October 2024
Hot-water rental approximately $45/month

5 Mary St N

$2,150 / month

3 bedrooms · 1.5 bathrooms
Fully renovated with new appliances
Large fenced backyard
Large driveway / multiple-car parking
Furnace installed April 2024
Hot-water tank owned outright

Financial Snapshot

Underwrite the income. Verify the expenses.

Initial investor view based on the information currently available. Final NOI and cap rate should be recalculated once all operating expenses are confirmed.

$52,500Annual gross rent

$6,960Known annual expenses

$45,540Preliminary NOI before unconfirmed costs

10.50%Gross yield at $500K reference

~9.11%Preliminary cap rate at $500K reference

0%Current vacancy / credit loss

Known expenses currently include approximately $3,900 property tax, $2,520 water/sewer and $540/year hot-water rental for 3 Mary. Insurance, maintenance/repairs, management and other recurring costs remain to be verified. Gas and hydro are confirmed tenant-paid.

Recent Reinvestment

Much of the heavy lifting has already been done.

Renovations

Both units were fully renovated and equipped with new appliances in 2022–23.

Major Systems

New furnaces were installed at both properties in 2024, with plumbing improvements and basement sump pumps.

Windows

Older windows have been replaced, supporting the property's updated condition.

Ongoing Care

Recent repainting, appliance replacement and roof/reshingling work demonstrate continued investment.

Why Smiths Falls

A market with a long-term housing story.

Smiths Falls offers a comparatively accessible Eastern Ontario entry point with regional connections to Ottawa, Kingston and Toronto. Municipal planning identifies continued population, employment and housing growth through 2046.

13,100Planned population capacity by 2046

~1,380Additional housing units identified

~78 kmApprox. distance to Ottawa

VIA RailRegional rail connectivity

Next Step

Evaluate the opportunity.

Request the full investor package, operating-expense information and supporting documentation, or arrange a property tour.

Request Investor Information