DAVID OIKLE

BROKER

1 GEORGE STREET N
Smith Falls, Ontario K7A1X8

$1,200,000

ID# X11984382
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. (id:25961)

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Courtesy of ROYAL LEPAGE EDMONDS & ASSOCIATES
Listed on: February 23, 2025

On market: 36 days

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Address Price Bed Bath SqFt Area Sub Area Brokerage
65 FIRST STREET Smith Falls
65 FIRST STREET
 $559,000 6 4 120 x 120 Acre Smith Falls RE/MAX AFFILIATES REALTY LTD.
72 VICTORIA AVENUE Smith Falls
72 VICTORIA AVENUE
 $1,500 2 1 50 FT Smith Falls EXP REALTY
168 FERRARA DRIVE S Smith Falls
168 FERRARA DRIVE S
 $459,900 2 2 24.25 x 100.07 FT Smith Falls EXP REALTY
63 WHITCOMB CRESCENT Smith Falls
63 WHITCOMB CRESCENT
 $479,000 3 3 25.1 x 101.6 FT Smith Falls BENNETT PROPERTY SHOP REALTY
13 BAYVIEW CRESCENT Smith Falls
13 BAYVIEW CRESCENT
 $529,000 2 1 103 x 135 FT ; 0 Smith Falls EXIT REALTY AXIS
1 GEORGE STREET N Smith Falls
1 GEORGE STREET N
 $1,200,000 - - 54 x 35 FT Smith Falls ROYAL LEPAGE EDMONDS & ASSOCIATES
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DAVID OIKLE

BROKER

384 Richmond Road

Ottawa, ON. K2A 0E8

Phone: 613.729.9090

CONTACT DAVE

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