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MLS® X14123334
Smiths Falls, ON
Exceptionally well-maintained commercial/residential building in downtown Smiths Falls. After 53 years of operating a successfully popular restaurant, owners are retiring. The building's main floor has fully equipped restaurant with upscale kitchen. Second and third floors include six apartments, all rented. The restaurant's 4969sf versatile layout offers flexibility for variety of dining concepts, seating arrangements and service styles. Welcoming front reception area includes pizza workstation. From here, customers walk into casual 54'x15' dining area that seats 66. Two steps up to second 37'x 24' dining room seating 45, with attractive stone wall plus bar area. Besides dining areas, restaurant has a 32'x 32' banquet hall for special events that seats 66. Adjoining the banquet hall is all-equipped dessert station. Turnkey fully-equipped kitchen has efficient workflow with professional grade appliances, ample prep space and commercial refrigeration including walk-in cooler & walk-in freezer. Three natural gas furnaces and central air, for main floor restaurant. Four washrooms and storage rooms. Basement provides extra storage space. Separate exterior door for access to rental apartments on second and third floors. Rented apartments include one 1-bedroom apartment; two 1-bedroom + den apartments; two 2-bedroom apartments and studio apartment. Each apartment has electric baseboard heating, 100 amp service and their own hydro meter. Roof's front shingles 2025; back shingles approx 2015. All windows 2006-2007. Curbside garbage pickup for apartments. Restaurant has garbage contract service. Street parking, two hours free. Zoning C1 (Commercial). Over the years, restaurant was open 7 days a week with full capacity and regular bookings for the banquet hall. Excellent location downtown Smiths Falls. Opportunity to invested in the growing town, on the Rideau Canal system. Convenient central location, 20 mins to Perth or Carleton Place and 50 mins to Ottawa.
Inclusions
Detailed list of equipment included, available upon request
Broker
COLDWELL BANKER FIRST OTTAWA REALTY
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Sale Of Business
11 Beckwith Street S Smiths Falls
Smiths Falls
Type
Sale Of Business
Parking
None
Property Tax
~$15,673/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
10855 sqft
Parking
None
Finances
List Price
$1,149,000
Price per SQFT
$106/sqft
Property Tax
~$15,673/yr
Property Specs
Property Type
Sale Of Business
MLS Size
10855 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Smiths Falls
Property Manager
PropertyPro
Listed On
Oct 28, 2026
Recreation/Community Centre
Days on Market
Current: 10 days
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