For Sale Retail

40 Main Street E

$999,888 Est. $4,427/mo ↓

Smiths Falls, Ontario K7A 1A4

10,000 sqft Interior
6 Parking spaces
58.9 X 119.8 Ft Lot size
54 days ago Listed
Fully Air Conditioned Forced Air

About this home

Prime Mixed-Use Commercial Opportunity in the Heart of Smiths Falls! This high-visibility downtown property offers exceptional exposure, ample on-site parking, and outstanding accessibility. With approximately 7,500 sq. ft. of retail/commercial space plus an additional 2,500 sq. ft., many possibilities for investors, owner-operators, or developers. A wide range of potential permitted commercial uses provides excellent flexibility for future growth. The current owner is offering a rare flexible possession date of up to two years, making this an ideal opportunity for buyers planning a future move or investment. Flexible purchase options are also available, including Vendor Take-Back (VTB) financing, a leaseback arrangement, or negotiation for the existing business. Operational features include a two-bay loading area with access from the adjacent side street, making shipping and receiving efficient. Above the commercial space are income-generating apartments with a separate entrance, providing valuable additional revenue. Positioned on a wide, prominent street in the heart of Smiths Falls, this versatile property offers outstanding potential for investment, expansion, or redevelopment. An exceptional opportunity to own a landmark commercial property with multiple income streams and flexible purchase options. (id:28469)

Facts & features

Property

MLS® Number
X13652512
Property Type
Retail
Community Name
901 - Smiths Falls
Farm Type
Other
Features
Irregular Lot Size
Parking Space Total
6

Building

Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Interior
10,000 Sqft
Utility Water
Municipal Water

Parking

Other
—

Land

Acreage
No
Size Depth
119 Ft ,9 In
Size Frontage
58 Ft ,10 In
Size Irregular
58.9 X 119.8 Ft
Size Total Text
58.9 X 119.8 Ft
Zoning Description
Downtown Core

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$4,427/mo
Ontario land transfer tax
$16,473 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Smiths Falls market

81 Active listings
$424,900 Median asking price
135% above median This home
35 days Avg. time on market
Browse all Smiths Falls listings →

Location

40 Main Street E, Smiths Falls, Ontario K7A 1A4  ·  Get directions

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