40 Main Street E,Smiths Falls, ON K7A 1A4
Smiths Falls, ON K7A 1A4
Description
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.
Details
| MLS # | X13652512 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 18 |
| Listing Provided By | INNOVATION REALTY LTD. | X13652512 492500 |
Features
| SQ Feet | 10,000 |
|---|---|
| Acreage | 0.23 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Sanitary+Storm |
Taxes
| Tax Annual Amount | 10210 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | LT 195 N/S MAIN ST PL 13884 LANARK S SOUTH ELMSLEY; PT LT 196 N/S MAIN ST. PL 13884 LANARK S SOUTH ELMSLEY AS IN RS181440; S/T SPOUSAL INTEREST IN RS181439 & RS114539 ; TOWN OF SMITHS FALLS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Lanark |
| City | Smiths Falls |
| Postal Code | K7A 1A4 |
| Area | 901 Smiths Falls |
| Listing VS Median (in K7A 1A4) | |
Price: $999,888 low | high Med: $999,888 sqft: 10,000 low | high Med: 10,000 $ / sqft: $100 low | high Med: $100 On site: 18 low | high Med: 18 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lanark |
| City | Smiths Falls |
| Postal Code | K7A 1A4 |
| Area | 901 Smiths Falls |
| Listing VS Median (in K7A 1A4) | |
Price: $999,888 low | high Med: $999,888 sqft: 10,000 low | high Med: 10,000 $ / sqft: $100 low | high Med: $100 On site: 18 low | high Med: 18 | |
