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$ 1,200,000
Est. payment | /mo
19,924 SqFt
$ 1,200,000
Est. payment | /mo
19,924 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 19,924 sqft
Price per Sqft $60
Subdivision 901 - Smiths Falls
MLS Listing ID X11984382
Annual Tax Amount $1,520
Tax Year 2024
Property Sub-Type Land
Property 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.
Location
Province ON
County Lanark
Community 901 - Smiths Falls
Area Lanark
Zoning RM
Exterior
Utilities Available Available
Lot Frontage 54.0
Lot Depth 35.0
Listed by ROYAL LEPAGE EDMONDS & ASSOCIATES
"My job is to deliver more results for you when you are buying or selling your property! "