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For Sale · Multifamily

53 MCCANN STREET, Smiths Falls

53 MCCANN STREET, Smiths Falls, ON K7A2R6

$389,000 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

92%

About this property

Have you been searching for an investment property or a home where you can live in one unit and rent out the other? Welcome to 53 McCann Street, a fully vacant duplex on a large corner lot in Smiths Falls. The upper unit offers 2 bedrooms, washer and dryer hookups, and an updated 4-piece bathroom. The fully updated lower unit includes 2 generously sized bedrooms, a brand-new fridge and stove, and a 3-piece bathroom with a walk-in shower. The property also offers 4 parking spaces and a spacious yard. Conveniently located within a 15-minute walk of downtown and its wonderful shops and amenities. Updates include a new furnace (2026), on-demand water heaters (2025), new sewer pipes (2025), and a lower-unit renovation completed in 2026. Under an hour's drive to Ottawa and Brockville, and approximately 20 minutes to Carleton Place or Perth. Reach out today for more information! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$389K
Down payment30% · $117K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$18K

Annual cash flow

$-3K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

140,544

Households

65,280

Median income

$78,000

Median age

42.6

Daytime population

192,366

5-yr growth

6.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 53 MCCANN STREET, Smiths Falls.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.