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$1,274,900
Available - For Sale
Listing ID: X12299398
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: $6,982.63
Tax Type: Annual
Assessment Year: 2024
Occupancy by: 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
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Category: Recreational
Use: Marina
Building Percentage: T
Total Area: 5.85
Total Area Code:  Acres
Maintenance: 0
Heat Type: Propane Gas
Central Air Conditioning: No
Sewers: Septic
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ROYAL LEPAGE TEAM REALTY

793 Poonamalie Side , Smiths Falls, K7A 4S4, Lanark


 
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At a Glance:
Type: Com - Investment
Area: Lanark
Municipality: Smiths Falls
Neighbourhood: 901 - Smiths Falls
Style:
Lot Size: x 420.00(Feet)
Approximate Age:
Tax: $6,982.63
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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