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$ 535,000
Est. payment | /mo
$ 535,000
Est. payment | /mo
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
State ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Zoning RM
Exterior
Utilities Available Yes
Lot Frontage 58.58
Lot Depth 120.84
Others
ParcelsYN No
Listed by ROYAL LEPAGE INTEGRITY REALTY