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$249,900
 $1,342 est/mo Sourced by Back At You

7 William Street E,Smiths Falls, ON K7A1C1

Smiths Falls, ON K7A1C1

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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:13843)

Details

MLS #X14090952
Listing TypeFor Sale
StatusActive
Days On Site13
Listing Provided ByCENTURY 21 SYNERGY REALTY INC. | Timothy Lee

Features

SQ Feet3,600
ZoningC1

Interior

Fireplace Yes / NoNo

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount1699
Tax Year2025

Area Information

ProvinceON
CitySmiths Falls
Postal CodeK7A1C1
Listing VS Median (in K7A1C1)
Price:
$249,900
low | high
Med:
$249,900
50% of Average
sqft:
3,600
low | high
Med:
3,600
50% of Average
$ / sqft:
$69
low | high
Med:
$69
50% of Average
On site:
13
low | high
Med:
13
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Trevor Docherty

Trevor Docherty

Broker/Owner (705) 787-5060tdocherty@sutton.com
ProvinceON
CitySmiths Falls
Postal CodeK7A1C1
Listing VS Median (in K7A1C1)
Price:
$249,900
low | high
Med:
$249,900
50% of Average
sqft:
3,600
low | high
Med:
3,600
50% of Average
$ / sqft:
$69
low | high
Med:
$69
50% of Average
On site:
13
low | high
Med:
13
100% of Average
Sourced by Back At You
Listing Updated: October 17, 2026 at 1:58:08 PM PDT