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CAONSmiths Falls901 - Smiths Falls1 George St N
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 1
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 2
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 3
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 4
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 5
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 6
1 George St N, Home with 0 bedrooms, 0 bathrooms and null parking in Smiths Falls ON | Image 7
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$1,200,000
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Added 4 months ago

1 George St N, Smiths Falls, ON

Real Estate

For Sale

$X
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Added 4 months ago

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  • Key Facts
  • Description
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Key Facts

Type 
Levels Land
Size 19924 sqft
Garage No
Taxes $1,520
Days Active 113
Lot Size 
Approx. Age 
Avg. Price Per Sqft $60
MLS® Number X11984382

Property Address: 1 George St N, Smiths Falls, Ontario

Average square foot calculated using Size range provided by listing agent.

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. (id:58753)Show Description
MLS® NumberX11984382
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

1 George St N, Smiths Falls, ON

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