21-23 Russell St E is a retail in Smiths Falls, listed for $385,000.
1Tenders 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.
2Storefront windows, multiple street entrances and a covered parking-lot entrance with glazed double doors serve the premises.
3Some, all or none of the chattels, leasehold improvements and kitchen equipment shown in the photos may remain in the property on closing.
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Commercial Property in Smiths Falls
About 21-23 Russell Street East
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.
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Inside 21-23 Russell 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
21-23 Russell 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® X13880324$385,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 21-23 Russell 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
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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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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 $385K.
Average days on market52Homes sold in about 52 days on average.
Sale-to-list ratio96.3%On average, homes sold below asking.
Active listings85Homes for sale here right now.
Median vs prior 90 days−9.7%Compared with Apr 13 – Jul 12, 2026: prices down.
Based on 59 sales from Jul 12 – Oct 10, 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 21-23 Russell St E
How much is 21-23 Russell St E listed for?
21-23 Russell St E is listed at $385,000 (MLS® X13880324). Summitly updates the price as soon as the MLS® record changes.
Has the price of 21-23 Russell St E changed?
No — 21-23 Russell St E is still listed at its original asking price of $385,000.
How many bedrooms and bathrooms does 21-23 Russell St E have?
The listing for 21-23 Russell St E doesn't publish its bedroom and bathroom count. It is a commercial property in Smiths Falls.
How does 21-23 Russell St E compare with other homes in Smiths Falls?
Its asking price of $385,000 is about 8% above the median sold price in Smiths Falls over the last 90 days, $358,000, across 59 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 21-23 Russell St E been sold before?
Summitly has no earlier MLS® sale or lease of 21-23 Russell St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 21-23 Russell St E?
21-23 Russell St E is in Smiths Falls, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 21-23 Russell St E been on the market?
1 day — 21-23 Russell St E was listed on October 9, 2026.
What is the land transfer tax on 21-23 Russell St E?
About $4,250 in Ontario land transfer tax at the asking price of $385,000. 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 21-23 Russell 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 21-23 Russell St E?
The listing for 21-23 Russell 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 21-23 Russell St E built?
The listing for 21-23 Russell St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
