3With approximately 7,500 sq. ft. of retail/commercial space plus an additional 2,500 sq. ft., many possibilities for investors, owner-operators, or developers.
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Commercial Property in Smiths Falls
About 40 Main Street East
Prime Mixed-Use Commercial Opportunity in the Heart of Smiths Falls! This high-visibility downtown property offers exceptional exposure, ample on-site parking, and outstanding accessibility. With approximately 7,500 sq. ft. of retail/commercial space plus an additional 2,500 sq. ft., many possibilities for investors, owner-operators, or developers. A wide range of potential permitted commercial uses provides excellent flexibility for future growth. The current owner is offering a rare flexible possession date of up to two years, making this an ideal opportunity for buyers planning a future move or investment. Flexible purchase options are also available, including Vendor Take-Back (VTB) financing, a leaseback arrangement, or negotiation for the existing business. Operational features include a two-bay loading area with access from the adjacent side street, making shipping and receiving efficient. Above the commercial space are income-generating apartments with a separate entrance, providing valuable additional revenue. Positioned on a wide, prominent street in the heart of Smiths Falls, this versatile property offers outstanding potential for investment, expansion, or redevelopment. An exceptional opportunity to own a landmark commercial property with multiple income streams and flexible purchase options.
Smiths Falls retail priced at $999,888 — book a tour to see if it fits your search.
Inside 40 Main St E
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
40 Main St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13652512$999,888
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 40 Main St E Compares to the Smiths Falls Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Smiths Falls
Other homes for sale in Smiths Falls around $1000K.
Average days on market53Homes sold in about 53 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings90Homes for sale here right now.
Median vs prior 90 days−12.4%Compared with May 1 – Jul 30, 2026: prices down.
Based on 62 sales from Jul 30 – Oct 28, 2026 (48 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 40 Main St E
How much is 40 Main St E listed for?
40 Main St E is listed at $999,888 (MLS® X13652512). Summitly updates the price as soon as the MLS® record changes.
Has the price of 40 Main St E changed?
No — 40 Main St E is still listed at its original asking price of $999,888.
How many bedrooms and bathrooms does 40 Main St E have?
The listing for 40 Main St E doesn't publish its bedroom and bathroom count. It is a commercial property in Smiths Falls.
How does 40 Main St E compare with other homes in Smiths Falls?
Its asking price of $999,888 is about 182% above the median sold price in Smiths Falls over the last 90 days, $354,000, across 62 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 40 Main St E been sold before?
Summitly has no earlier MLS® sale or lease of 40 Main St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Main St E?
40 Main St E is in Smiths Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Main St E been on the market?
83 days — 40 Main St E was listed on August 6, 2026.
What is the land transfer tax on 40 Main St E?
About $16,473 in Ontario land transfer tax at the asking price of $999,888. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 40 Main St E or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 40 Main St E?
The listing for 40 Main St E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Smiths Falls.
When was 40 Main St E built?
The listing for 40 Main St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
