C$385,000

For Sale by Tender. $350,000 minimum bid plus 10% buyer's premium. Tenders due October 28 at 11:00 am. 21-23 Russell Street East combines a former restaurant and bar building with an adjacent paved parking lot in downtown Smiths Falls, near Market Street North. The building at 23 Russell and the parking lot at 21 Russell are offered together as two parcels totalling approximately 0.31 acres. iGUIDE reports approximately 5,901 sq. ft. above grade, including a 4,984 sq. ft. main floor and 3,247 sq. ft. below grade, based on exterior measurements. The building combines a taller gable-roofed section with a broad single-storey commercial portion. Storefront windows, multiple street entrances and a covered parking-lot entrance with glazed double doors serve the premises. Finishes include vertical siding, painted brick and concrete block, with flat, low-slope, metal and asphalt-shingle roof sections. The property requires substantial cleaning and repairs. Some, all or none of the chattels, leasehold improvements and kitchen equipment shown in the photos may remain in the property on closing. Consider that you are purchasing a shell of a building. The buyer agrees to take possession of anything left in, on and around the building and property on closing. No conveyance of any written signed offers prior to 11:00 am on the 28th of October, 2026. No in-person buyer showings; review the available photographs, virtual tour, plans, inspection report and documents.