$1,274,900
Available - For Sale
Listing ID: X12299398
793 Poonamalie Side , Smiths Falls, K7A 4S4, Lanark
| Incredible investment opportunity on the shores of Lower Rideau Lake! This rare 5.85-acre waterfront property boasts an impressive 750 feet of shoreline, level terrain, and breathtaking views, making it ideal for a variety of commercial or recreational uses. Zoned Tourist Commercial, the property offers tremendous potential for a marina, seasonal rentals, or a private lakeside retreat. With two access points off Poonamalie Road, the land is easily accessible and well-equipped with three septic systems, a drilled well, and multiple existing structures. The property features a beautifully maintained log home built circa 1846 with two bedrooms and two bathrooms, offering approximately 1,400 square feet of rustic charm. In addition, a spacious duplex provides approximately 2,288 square feet of living space, with each unit offering two bedrooms and a full bath; perfect for generating rental income or live on the water while renting the other unit. A large 30x50-foot detached garage and a 30x40-foot clubhouse with 200-amp service offer versatile space for storage, workshops, or gatherings. There are also five camping trailer sites on the property, as well as 25 floating docks still on site from the property's previous use as a marina, offering added value and versatility for waterfront activities. With its prime location, expansive shoreline, and existing infrastructure, this is a truly unique property with unlimited potential in one of Ontario's most desirable lakefront regions. |
| Price | $1,274,900 |
| Taxes: | $6982.63 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 793 Poonamalie Side , Smiths Falls, K7A 4S4, Lanark |
| Postal Code: | K7A 4S4 |
| Province/State: | Lanark |
| Directions/Cross Streets: | Poonamalie Sdrd and Highway 43 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Recreational |
| Use: | Marina |
| Building Percentage: | T |
| Total Area: | 5.85 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Propane Gas |
| Central Air Conditioning: | No |
| Sewers: | Septic |
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| ROYAL LEPAGE TEAM REALTY |
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|
Sarah Saberi
Sales Representative
Dir:
416-890-7990
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Tax: | $6,982.63 |
| Fireplace: | N |
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