7 UNION STREET, Smiths Falls

$489,900

For sale: Other

Other at 7 UNION STREET, Smiths Falls
Property type
Commercial Retail
MLS®
MLS® X13530038
Neighbourhood
901 - Smiths Falls

Exceptional Mixed-Use Investment Opportunity in the Heart of Smiths Falls! Commercially zoned and situated on approximately 0.3 acres, this high-exposure property offers an outstanding opportunity to own a well-maintained mixed-use building in one of the town's busiest locations. Building for sale only - business not included.The main level is home to the established Union Bar & Grill, while the upper level features a spacious residential apartment, creating excellent commercial and residential income potential. The property also includes a large detached double garage, generous storage space, an expansive parking lot, and room for future expansion (subject to municipal approvals).Located on a major thoroughfare with exceptional visibility and steady traffic, this property is just minutes from the downtown core and surrounded by established neighbourhoods, businesses, and amenities. Its prime location and flexible zoning make it an attractive opportunity for investors, entrepreneurs, and future owners alike.Whether you're expanding your investment portfolio or securing a versatile commercial asset with multiple income streams and future upside, 7 Union Street is an opportunity not to be missed. A versatile mixed-use investment offering location, visibility, flexibility, and outstanding long-term potential.

Sold data

Homes in Smiths Falls — recent sold market

Homes in Smiths Falls took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 80, across 49 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.

The median sale price was $349,900.

Homes sold for about 2.9% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 37% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$349,900
Sale-to-list ratio
97.1%
Sold above asking
10%

Based on 49 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Smiths Falls

Smiths Falls has 6 Fraser Institute–rated schools (4 elementary and 2 secondary), averaging 3.3/10.

Rated schools
6
Elementary
4
Secondary
2
Average rating
3.3 / 10

Top-rated schools in Smiths Falls

  • Montague — elementaryFraser rating 5.9/10
  • Chimo — elementaryFraser rating 3.7/10
  • Smiths Falls — secondaryFraser rating 3.7/10
  • St Francis de Sales — elementaryFraser rating 2.9/10
  • Duncan J Schoular — elementaryFraser rating 2.6/10
  • St. Luke Catholic — secondaryFraser rating 0.9/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 7 UNION STREET