7 William Street
Smiths Falls, ON
- 3,600 sqft
- Land
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!
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Listing Details
- Taxes (2026)
- $1,699
- Listed
- October 17, 2026
Price History
Property
- Lot Size
- 30.09 x 120.01 Feet
Utilities
- Sewer
- Sanitary Available
Location & Legal
- Cross Street
- Beckwith & Willim
- Zoning
- C1
- Parcel Number
- 052770129
- 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
CENTURY 21 SYNERGY REALTY INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 3,600 sq ft
- Price per sq ft
- $69.42
- Annual property tax
- $1,699
- Tax per sq ft
- $0.47
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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