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$249,900
Ontario,Smiths Falls
For Sale Active
7 WILLIAM STREET E, Smiths Falls, Ontario K7A1C1
  • 3,600 Sqft
Basic Details
Description

SHOVEL-READY MIXED-USE DEVELOPMENT OPPORTUNITY IN DOWNTOWN SMITHS FALLS! Skip 12 months of municipal red tape, carrying costs, and architectural fees. 7 William St. E. is a prime C1-zoned commercial footprint (approx. 30′ x 120′ lot) being sold with FULLY APPROVED BUILDING PERMITS and Minor Variance (MV-25-01) approvals already in hand. The engineering and design work is complete for a lucrative

4-unit mixed-use build consisting of 3 premium residential rental units and 1 high-visibility main-street commercial retail space. Once completed, this asset boasts a powerful stabilized Pro-Forma Gross Rent Potential of $85, 200/year (Projected Net Operating Income of $63, 015/year based on modern market rental averages of $7, 100/month gross). Tenants pay their own hydro via planned separate metering to maximize landlord margins .Bonus Developer Incentive: This project is highly eligible for the Smiths Falls Community Improvement Plan (CIP), offering potential building permit fee rebates and multi-year property tax increment grants! Break ground immediately and capitalize on the town’s surging rental demand. All architectural drawings, approved site plans, and variance document packages are available upon request. Don’t build from scratch-start with a project that is already across the finish line! (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X14090952
  • Price: $249,900
  • Square Footage: 3,600 Sqft
  • Status: Active
  • Office Name: CENTURY 21 SYNERGY REALTY INC.
  • Property Sub Type: Vacant Land
  • Office Key: 293226
Address Map
  • Location: CA, Ontario, Smiths Falls, K7A1C1
  • Street: William
  • Street Number: 7
  • Street Suffix: Street
  • Longitude: W77° 58' 46.5''
  • Latitude: N44° 54' 1.4''
  • Street Dir Suffix: East
Additional Information
  • Water Source:
  • Lot Size Dimensions: 30.09 x 120.01 FT
Financial
  • Tax Annual Amount: 1699
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Listing updated: 2026-10-23 01:36:25
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Listing Information
  • List Agent Key: 1458106
  • List Office Key: 293226
  • Modification Timestamp: 2026-10-17T21:00:01Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-10-17T20:52:56Z
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Listing updated: 2026-10-23 01:36:25
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