21-23 Russell Street
Smiths Falls, ON
- 5,901 sqft
- Commercial Retail
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 in-person buyer showings; review the available photographs, virtual tour, plans, inspection report and documents.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $23,961
- Listed
- October 9, 2026
Price History
Property
- Lot Size
- 65 x 98.31 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Russell St East & Market St North
- Zoning
- DC - Downtown Core
- Parcel Number
- 052770141
- Possession
- Other
- Occupancy
- Vacant
Included
- Inclusions
- Some, all or none of the chattels, leasehold improvements and kitchen equipment shown in the photos may remain in the property on closing.
Community
Postal area K7A
- Population
- 17,575
- Private dwellings
- 7,814
- Median age
- 46.8
- Average household size
- 2.3
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Smiths Falls · last 12 months
- Median sold price
- $379,500
- Homes sold
- 155
- Median days on market
- 36
- Sale-to-list price
- 96.7%
Based on 155 recorded sales of commercial properties in Smiths Falls over the last 12 months.
Listed by
Gordons Real Estate Brokerage Ltd.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,901 sq ft
- Price per sq ft
- $65.24
- Annual property tax
- $23,961
- Tax per sq ft
- $4.06
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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