$1,274,900
793 Poonamalie Side Road, Smiths Falls, ON K7A 4S4
Property Description
Property type
Investment
Lot size
N/A
Style
Approx. Area
5.85 Sqft
About 793 Poonamalie Side Road
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.
Home Overview
Last updated
11 hours ago
Virtual tour
None
Basement information
Building size
5.85
Status
In-Active
Property sub type
Investment
Maintenance fee
$N/A
Year built
2024
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Poonamalie Side Road

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