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

7 William Street E,Smiths Falls, ON K7A 1C1

Smiths Falls, ON K7A 1C1

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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!

Details

MLS #X14090952
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site4
Listing Provided ByCENTURY 21 SYNERGY REALTY INC. | X14090952 485605

Features

SQ Feet3,600
Acreage0.08

Utilities

UtilitiesAvailable
SewerSanitary Available

Taxes

Tax Annual Amount1699
Tax TypeAnnual
Tax Legal DescriptionPT LT 105 S/S WILLIAM ST PL 13884 LANARK S ELMSLEY, PT 1, 27R12374 TOGETHER WITH EASEMENT OVER PT LOT 105, S SIDE WILLIAM STREET, PLAN 13884, PT 2 ON PLAN 27R12374 AS IN LC265885 TOGETHER WITH AN EASEMENT OVER PART LOT 105, S SIDE WILLIAM ST, PLAN 13884, BEING PT 4 ON 27R12374 AS IN LC265887 SUBJECT TO AN EASEMENT IN GROSS OVER PT 1 ON PLAN 27R12522 AS IN LC273171 TOGETHER WITH AN EASEMENT OVER PT LOT 105, S SIDE WILLIAM STREET, PLAN 13884, PT 3, 27R2738 AS IN LC281469 TOWN OF SMITHS FALLS
Tax Year2026

Area Information

ProvinceON
CountyLanark
CitySmiths Falls
Postal CodeK7A 1C1
Area901 Smiths Falls
Listing VS Median (in K7A 1C1)
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:
4
low | high
Med:
4
100% of Average
Sourced by Back At You

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Learn More About This Property

Artisan Home Buying Solutions

Artisan Home Buying Solutions

 (705) 229-8732info@artisanhomebuyingsolutions.ca
ProvinceON
CountyLanark
CitySmiths Falls
Postal CodeK7A 1C1
Area901 Smiths Falls
Listing VS Median (in K7A 1C1)
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:
4
low | high
Med:
4
100% of Average
Sourced by Back At You
Listing Updated: October 17, 2026 at 3:51:35 PM PDT

Artisan Home Buying Solutions Inc

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