190 Lombard Street, Rideau Lakes, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of 820 - Rideau Lakes (South Elmsley) Twp. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $800,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 383 x 495 ft lot size
- equipped with no central cooling and highly efficient gas forced air open heating
Description
Versatile and high-exposure commercial site suited to automotive, contractor, and service-based uses. Along Lombard Street (Hwy 15) in Smiths Falls' primary commercial corridor, this approximately 3-acre property offers rare highway frontage, substantial yard capacity, and strong operational flexibility. The site benefits from sustained traffic exposure and immediate functionality, making it well suited to businesses that depend on visibility, outdoor storage, and efficient day-to-day access. The existing approximately 4,000 sq. ft. building, currently used as a residential property, was previously operated as a dealership office with an attached mechanic garage and includes two garage access points-one at the front and another at the lower level along the side-supporting a range of future commercial applications. The building provides an immediate operating base with excellent signage potential, while the expansive yard accommodates parking, fleet staging, and material storage. In a corridor where large-format commercial land is limited, this offering combines scale, exposure, and practical usability. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW.
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Pricing & Value Insights
Data-driven valuation for 190 Lombard Street, Rideau Lakes, ON K7A 5B8
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Rideau Lakes, ON
For a property listed at $800,000 in Rideau Lakes, the legal minimum down payment is $55,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,475 for this transaction. As this listing is in Rideau Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.