47 Main Street
Smiths Falls, ON
- 2 bed
- 3 bath
- approx. 1500-2000 sqft
- Duplex
- 87 days on market
Situated in a prime location in Smiths Falls, this unique mixed-use building offers a rare investment opportunity within walking distance of shopping, restaurants, parks, and other key amenities. The property includes two residential 1-bedroom, 1-bathroom units currently rented at $813/month and $922.50/month, providing steady income from day one. An additional VACANT commercial unit offers exceptional flexibility for an owner, entrepreneur, or investor looking to secure additional rental income at market rates. Combining residential stability with commercial potential, this property is a versatile addition to any real estate portfolio.
Listing Details
- Taxes (2025)
- $4,572
- Listed
- June 24, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Separate Hydro Meter
- Lot Size
- 42.69 x 119.47 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Main St x Elmsley St
- Parcel Number
- 052770067
- Possession
- Immediate
- Occupancy
- Partial
Included
- Inclusions
- stove x2 fridge x2
- Exclusions
- all tenant belongings
- Rental Items
- N/A
Schools
Secondary
- St. James Catholic Education Centre High School0.2 km
Catholic · CDSB of Eastern Ontario
- St. Luke Catholic High School1.5 km
Catholic · CDSB of Eastern Ontario · 110 students
Grade 10 literacy: 19% met the provincial standard
- Smiths Falls District Collegiate Institute1.6 km
Public · Upper Canada DSB · 700 students
Grade 10 literacy: 79% met the provincial standard
Elementary
- St Francis de Sales Separate School0.2 km
Catholic · CDSB of Eastern Ontario · 430 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Duncan J Schoular Public School0.5 km
Public · Upper Canada DSB · 380 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 15% met the provincial standard
- Chimo Elementary School1.5 km
Public · Upper Canada DSB · 395 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 54% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K7A
- Population
- 17,575
- Private dwellings
- 7,814
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Smiths Falls · last 12 months
- Median sold price
- $380,000
- Homes sold
- 155
- Median days on market
- 41
- Sale-to-list price
- 96.5%
Based on 155 recorded sales of residential freehold properties in Smiths Falls over the last 12 months.
Listed by
CENTURY 21 SYNERGY REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$71,980
Estimated Monthly Payment
$1,768
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,768/mo (20% down, 5.5%)
Taxes: $381/mo · Insurance: $90/mo
Estimates only. Consult a financial advisor.
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