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Home ON Smiths Falls
1 GEORGE STREET N
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1 GEORGE STREET N $1,200,000
$1,200,000
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1 GEORGE STREET N
Smith Falls, Ontario K7A1X8

MLS® Number: X11984382

Listing Description

Exceptional Development Opportunity - a prime 5-Lot Package with a zoning amendment application already completed and approved for the construction of 36 residential and 2 commercial units! Plans for the proposed development are available, offering detailed insights into the potential of this fantastic site. The existing structures are ready to be demolished. Permits have been obtained by the sellers and all utilities have been disconnected, allowing for a seamless transition to your project. With cap rates that are projected to be 6% +, this project promises lucrative returns for savvy investors. To add the cherry on top, Smiths Falls offers a property tax incentive for developers which can be applied for up to 10 years, making this a highly attractive investment opportunity. The package includes five separate lots, only available for purchase together, providing the perfect canvas for your next residential and commercial project. Situated in the heart of Smiths Falls, this land offers close proximity to Ottawa, making it an ideal location for future residents and businesses. This is an exceptional opportunity for developers to create a highly sought-after mixed-use development in a prime location with guaranteed demand. Whether you're looking to create modern residential spaces or commercial units that serve the growing community, this is a rare and valuable offering in a rapidly developing area. Don't miss your chance to be part of Smiths Falls exciting future. Contact us today for more information or to arrange a viewing. (39927727)

Location Description

Beckwith (Hwy. 15) and Main

Property Summary

Property Type
Vacant Land
Community Name
901 - Smiths Falls
Land Size
54 x 35 FT
Annual Property Taxes
$1,520
Time on REALTOR.ca
37 days

Building

Building Features
Features
Irregular lot size
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Business
Business Type
Residential (Residential)

Measurements

Square Footage
19924 sqft

Land

Lot Features
Frontage
54 ft
Land Depth
35 ft
Other Property Information
Zoning Description
RM
Data provided by: Renfrew County Real Estate Board 2-545 Pembroke Street West, Pembroke, Ontario K8A 5P2

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