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7 William Street E, Smiths Falls, ON

Name: 7 William Street E, For Sale in Smiths Falls - Zoocasa
Brand: CENTURY 21 SYNERGY REALTY INC.
SKU: X14090952
Price: 249900 CAD

House

For Sale

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000

MLS® X14090952

Overview

Key Facts

Type

Levels Land

Size 3600 sqft

Garage

Taxes $1,699

Days Active 4

Lot Size

Approx. Age

Avg. Price Per Sqft $69

MLS® Number X14090952

Property Address: 7 William Street E, Smiths Falls, ON, K7A1C1

Average square foot calculated using Size range provided by listing agent.

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! (id:58753)Show Description

MLS® NumberX14090952

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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