7 WILLIAM STREET E, Smiths Falls
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:25961)
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Details
- Transaction: For sale
- Zoning Description: C1
Building
- Fireplace Present: False
- Size Interior: 3600 sqft
- Utility Water: Municipal water
Land
- Size Depth: 120 ft
- Size Frontage: 30 ft ,1 in
- Size Irregular: 30.09 x 120.01 FT
This property for sale is located at 7 WILLIAM STREET E in Smiths Falls. It was last modified on October 17th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Smiths Falls properties for sale.
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