7 William Street E
901 - Smiths Falls, Smiths Falls, K7A 1C1
$249,900
Listed 3 days ago · MLS® X14090952
About this home
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!
Details
- Type
- Land
- Lot
- 30.09 × 120.01 ft
- Property tax
- $1,699 (2026)
- Neighbourhood
- 901 - Smiths Falls
- Municipality
- Smiths Falls
Heating, cooling and services
- Water and sewer
- Sanitary Available
- Utilities
- Available
Building and exterior
- Building area
- 3,600 Square Feet
More
- Possession
- Immediate
- Cross street
- Beckwith & Willim
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
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The neighbourhood
Getting around Walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 16 cafés and restaurants, 4 parks, 5 pharmacies. Nearest park: Murphy Park (400 m).
Schools nearby
Elementary
- Duncan J Schoular Public School
EQAO: Gr 6 reading 48%, math 15%12 min walk - St. Francis de Sales Catholic School Catholic1.6 km
- Chimo Elementary School
EQAO: Gr 6 reading 88%, math 54%1.7 km
Secondary
- St. Luke Catholic High School Catholic14 min walk
- TR Leger School - Smiths Falls
EQAO: Gr 9 math 29%, literacy test 79%1.3 km - Smiths Falls District Collegiate Institute
EQAO: Gr 9 math 29%, literacy test 79%2.1 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K7A
- Owners / renters
- 72% / 28%
- Median household income
- $74,500
- Average age
- 45
- Children under 15
- 16%
- Homes
- 69% detached, 1% high-rise
- Commute by transit
- 0%
- Population
- 17,575
Languages spoken most at home besides English: Tagalog (Pilipino, Filipino) 0.2%, Arabic 0.1%, Mandarin 0.1%, Yue (Cantonese) 0.1%.
Safety
Crime Severity Index for Smiths Falls police: 93 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by CENTURY 21 SYNERGY REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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901 - Smiths Falls, Smiths Falls
Sale Of Business · MLS® X13824888 · CENTURY 21 SYNERGY REALTY INC.