$535,000
Available - For Sale
Listing ID: X12490350
34 William Street East , Smiths Falls, K7A 1C4, Lanark
| Fully Approved 7-Unit Mixed-Use Development in the Heart of Downtown Smiths FallsAn 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. |
| Price | $535,000 |
| Taxes: | $4266.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 34 William Street East , Smiths Falls, K7A 1C4, Lanark |
| Postal Code: | K7A 1C4 |
| Province/State: | Lanark |
| Legal Description: | LT 206 N/S WILLIAM ST PL 13884 LANARK S |
| Directions/Cross Streets: | Elmsley St N |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Total Area: | 7061.12 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| ROYAL LEPAGE INTEGRITY REALTY |
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At a Glance:
| Type: | Com - Land |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Tax: | $4,266 |
| Fireplace: | N |
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