34 William Street

Smiths Falls, ON

7,061 sqft
Land

$444,900Price reduced 17%

Fully Approved 7-Unit Mixed-Use Development in the Heart of Downtown Smiths Falls. An 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.

Listing Details

Taxes (2025): $4,266
Originally Listed: $535,000
Listed: October 29, 2025

Price History

Listing history

Property

Lot Size: 58.58 x 120.84 Feet

Utilities

Sewer: Sanitary+Storm

Location & Legal

Cross Street: Elmsley St N
Zoning: RM
Parcel Number: 052770050
Possession: Immediate
Occupancy: Vacant

Community

Postal area K7A

Population: 17,575
Private dwellings: 7,814
Median age: 46.8
Average household size: 2.3
Median household income: $74,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Smiths Falls · last 12 months

Median sold price: $379,500
Homes sold: 155
Median days on market: 36
Sale-to-list price: 96.7%

Based on 155 recorded sales of commercial properties in Smiths Falls over the last 12 months.

Listed by

ROYAL LEPAGE INTEGRITY REALTY

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 7,061 sq ft
Price per sq ft: $63.01
Annual property tax: $4,266
Tax per sq ft: $0.60

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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