Cross Streets: Elmsley St N. ** Directions: Midway between Elmsley St N and Market St N. Fully Approved 7-Unit Mixed-Use Development Opportunity in the Heart of Downtown Smiths Falls. Exceptional turnkey infill project ideally positioned in one of Eastern Ontario's fastest-growing and most walkable downtown communities, with an impressive walk score of 89 and immediate access to shops, restaurants, services, parks, and transit. This high-visibility site is fully serviced and vacant with demolition approval already in place for the existing structures, allowing a developer to move directly toward construction. The approved site plan permits a modern three-storey mixed-use building featuring approximately 2,400 sf per floor, six rear parking spaces, and an efficient, high-demand unit mix designed for both stable residential income and strong street-level commercial presence. The ground floor includes two attractive retail/office storefront units plus a rear two-bedroom residential suite, while the second and third floors each feature two spacious two-bedroom apartments, for a total of five residential units and two commercial units. The lower level is designed for mechanical systems, tenant storage, and shared laundry amenities. Importantly, the commercial component represents less than 30% of the total gross floor area, supporting eligibility for attractive Canada Mortgage and Housing Corporation (CMHC) construction financing and take-out laon options, creating significant advantages for long-term investment returns. With approvals already secured, servicing in place, and a highly functional site plan tailored to current market demand, this is a rare opportunity for developers or investors seeking a ready-to-build mixed-use asset with strong future income potential in the thriving downtown core of Smiths Falls. (id:27476)
