110/112 Lorne Street
Smiths Falls, ON
- approx. 2500-3000 sqft
- Other
- 69 days on market
Rare investment and development opportunity in the community of Smiths Falls! Situated on approximately 4 acres, this unique property features two separate homes, a detached garage, and a storage shed, offering a variety of possibilities for investors, developers, business owners, or multi-generational families. The first home is a bungalow offering 3 bedrooms and 1 bathroom, while the second is a 1-storey home featuring 2 bedrooms and 1 bathroom. Both homes are serviced by natural gas, have their own septic systems, and share a drilled well. The property includes a 25' x 25' detached garage and a storage shed. Whether you're looking to live in one home while generating rental income from the other, add to your investment portfolio, or explore future development opportunities, this property offers exceptional potential. Zoned M2-3, the property also permits a variety of limited commercial and industrial uses, creating additional opportunities for business or redevelopment. Both homes require significant repairs and updating and are being sold strictly in "as is, where is" condition with no representations or warranties by the Seller.
Listing Details
- Taxes (2025)
- $4,470
- Listed
- July 1, 2026
Price History
Property
- Style
- Other
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block, Stone
- Interior
- Water Heater Owned
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 9
Utilities
- Sewer
- Septic
- Heat Source
- Gas
Location & Legal
- Cross Street
- Lorne & Hershey Dr
- Zoning
- MG-2
- Parcel Number
- 052650212
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- All Contents
- Exclusions
- None
- Rental Items
- None
Schools
Elementary
- Duncan J Schoular Public School1.5 km
Public · Upper Canada DSB · 380 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 15% met the provincial standard
- St Francis de Sales Separate School1.9 km
Catholic · CDSB of Eastern Ontario · 430 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Chimo Elementary School2.7 km
Public · Upper Canada DSB · 395 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 54% met the provincial standard
Secondary
- St. James Catholic Education Centre High School1.8 km
Catholic · CDSB of Eastern Ontario
- Smiths Falls District Collegiate Institute2.7 km
Public · Upper Canada DSB · 700 students
Grade 10 literacy: 79% met the provincial standard
- St. Luke Catholic High School2.8 km
Catholic · CDSB of Eastern Ontario · 110 students
Grade 10 literacy: 19% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Smiths Falls · last 12 months
- Median sold price
- $380,000
- Homes sold
- 156
- Median days on market
- 41
- Sale-to-list price
- 96.6%
Based on 156 recorded sales of residential freehold properties in Smiths Falls over the last 12 months.
Listed by
ROYAL LEPAGE ADVANTAGE REAL ESTATE LTD
Walk Score
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Location
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Mortgage Calculator
$89,800
Estimated Monthly Payment
$2,206
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,206/mo (20% down, 5.5%)
Taxes: $373/mo · Insurance: $112/mo
Estimates only. Consult a financial advisor.
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions Whether you're looking to live in one home while generating rental income from the other, add to your investment portfolio, or explore future development opportunities, this property offers exceptional potential.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?