13
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$535,000
Est. payment /mo
Active
34 William ST E Smiths Falls, ON K7A 1C4
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision 901 - Smiths Falls
MLS Listing ID X12490350
Annual Tax Amount $4,266
Tax Year 2025
Property Sub-Type Land
Property Description
Fully Approved 7-Unit Mixed-Use Development in the Heart of Downtown Smiths Falls. An exceptional opportunity for developers and investors alike-this fully approved mixed-use infill development site is ideally located in the vibrant downtown core of Smiths Falls. With a walk score of 89, this high-visibility location offers excellent accessibility to shops, services, and transit, making it highly desirable for both residents and commercial tenants.The property is vacant, fully serviced, and ready for construction. A demolition permit for the existing home and garage has already been granted by the municipality, allowing for immediate site preparation. The approved site plan features a three-storey low-rise building with a 2,400 sq. ft. footprint and six parking spaces located at the rear. The main floor is designed with two street-front retail or office units plus a two-bedroom residential apartment at the back. The second and third floors each include two spacious two-bedroom apartments, offering a total of five residential units and two commercial spaces. The basement is allocated for mechanical systems, tenant storage, and shared laundry facilities. With commercial space representing less than 30% of the total building area, the project qualifies for CMHC financing-enhancing long-term investment potential and ease of funding. This property represents a turnkey urban infill opportunity-ideal for a developer ready to build or an investor seeking a pre-approved, income-generating asset in one of Eastern Ontario's most progressive and walkable downtowns.
Location
Province ON
County Lanark
Area Lanark
Exterior
Utilities Available Yes
Lot Frontage 58.58
Lot Depth 120.84
Others
ParcelsYN No
Listed by ROYAL LEPAGE INTEGRITY REALTY
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