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
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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.