For Sale: 7 William Street E, Smiths Falls, ON - REW
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$249,900
0 bd • ba • 3600 sf • Land/Lot
7 William Street E
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$249,900
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7 William Street ESmiths Falls, ON, K7A 1C1

  • 0 Bed
  • Bath
  • 3600 Sqft
  • Land/Lot

About this home

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:63626)
Listed by: Timothy Lee, Broker, CENTURY 21 SYNERGY REALTY INC.

Home facts and features

Price details
List Price
$249,900
Get Pre-Approved
Gross Taxes for 2025
$1,699
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
30 ft x 120 ft (3611 ft²)
Depth
120.01 feet
Frontage
30.1 feet
Agent details
Primary Agent
Primary Broker
CENTURY 21 SYNERGY REALTY INC.
Listing details
Days on REW
2 Days
MLS® Number
X14090952
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Property Insights

St Francis de Sales School
  • Catholic
  • 4 - 8
Duncan J Schoular Public School
  • Public
  • JK - 8
St James the Greater School
  • Catholic
  • JK - 3
St. Luke Catholic School
  • Catholic
  • 7 - 12
Chimo Elementary School
  • Public
  • JK - 8
Smiths Falls District Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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      Broker
      Timothy Lee
      Phone:
      (613) 283-7788
      Office:
      613-317-2121
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