An exceptional opportunity to acquire a majority pad-ready mixed-use development site in the heart of Fall River on Highway 2. Zoned Village Gateway (VG), the property permits a blend of residential and commercial uses as-of-right, offering flexibility for a wide range of future business or investment opportunities without the need for rezoning. Architectural plans and an approved permit are already in place for a striking 3,695 sq. ft. contemporary two-storey building featuring commercial space at grade level — ideal for a café, boutique retail space, gallery, office, or professional use — along with a spacious two-bedroom residential suite above. Significant site work has already been completed, including engineered retaining walls, slab excavation, installation of a commercial-grade septic system, driveway, and a fully constructed 22-car parking lot, representing substantial value and time savings for the next owner. The active building permit remains valid through January 2028. Positioned within one of Fall River’s established commercial corridors, the property benefits from excellent visibility and close proximity to major amenities including Sobeys, Tim Hortons, A&W, Dairy Queen, and Petro-Canada. Select areas of the site also enjoy views overlooking Lake Thomas.
Take Exit 5 (Fall River), turn onto Highway 2, continue approx. 3 km.
Data was last updated May 14, 2026 at 01:20 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$204,950
Min list price:
$84,500
Max list price:
$1,900,000
Avg days on market:
46
Min days on market:
21
Max days on market:
709
These statistics are generated based on the current listing's property type
and located in
30-Waverley, Fall River, Oakfield. Average values are
derived using median calculations. This data is not produced by
the MLS® system.