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Investment signal

$519,900

71 STEPHEN STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Smiths Falls. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Vacant upper unit, tenanted lower unit. Good upside potential here. This up/down duplex offers 3 bedrooms upstairs with a 4- piece bathroom, a kitchen, laundry closet, a dining area, a living room and mudroom entrance. The lower level adds a second self-contained suite with 2 more bedrooms, a 2nd kitchen, another living room and dining area plus a 4- piece bathroom. The home has 2 100-amp breaker panels, each unit with its own meter. Steel roofing (2022). One new hot water tank in 2014 and one in 2024. This is a great opportunity to live in and rent one suite or rent both units. An easy managed lot with parking on the side. Lower suite is currently tenanted and is being sold with a Buyer assuming the tenancy. Tenant paying $1100/month plus Hydro (heat) on a 1year lease through to Sept 2026. Good sized yard. Parking for 4 vehicles. Steel roofing too. Note: Photos available only for the upper vacant unit. Lower level tenant is good and tidy but requested privacy. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: 901 - Smiths Falls
Lot dimensions: 50 x 110 FT
Bedrooms: 3 above grade, 2 below grade
Parking: 4 total
Stories: 2
On market: Mar 11, 2026
Status changed: Apr 24, 2026
Annual tax: $4,123
Zoning: R3 Residential
Photos: 38
MLS#: X12873084
Area: SMITHS_FALLS

Features and systems

Parking

No Garage

Basement

FinishedApartment in basementN/AN/A

Appliances

Water meterStoveWater Heater

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Vinyl siding

Foundation

Concrete

Lot

Carpet Free

Utilities

SewerElectricityCable

Positive cash flow ~$59/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

0.69%

Cap rate

5.00%

GRM

13.1

Break-even rent

$3,237

Financing

Down payment$103,980

Loan amount$415,920

Mortgage$2,107/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$238

Insurance$80

Maintenance$433

CapEx reserve$217

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,107/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.